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

June 13, 2026

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.

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