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Uday Kotak questions SpaceX valuation, says only time will tell if we're in ‘mega bubble'

Uday Kotak described SpaceX’s blockbuster IPO as a test for capitalism, questioning whether investors are backing humanity’s future or fueling a massive bubble. His remarks came after the company’s debut propelled Elon M

Published 13/6/2026, 7:06:25 amUpdated 13/6/2026, 7:06:25 amEconomic Times
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Uday Kotak described SpaceX’s blockbuster IPO as a test for capitalism, questioning whether investors are backing humanity’s future or fueling a massive bubble. His remarks came after the company’s debut propelled Elon Musk to trillionaire status and lifted SpaceX into the world’s corporate elite.

Read the original report at the source link for the full editorial context and any subsequent updates.

Source reference: Economic Times

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