EXCLUSIVE: Ross Gerber Will Sell Some SpaceX Shares At $2 Trillion Valuation – 'How In God's Name Is It Worth So Much Money?'

Benzinga_recent_news04-24

Asked if Musk may keep his promise to give Tesla shareholders early access to SpaceX shares ahead of the IPO, Gerber thinks this promise may come true. "I think he will," Gerber told Benzinga. "I ...

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While his stake has appreciated, Gerber questions how the space company is valued so high ahead of an IPO.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XOVR":"ERShares Private-Public Crossover ETF","DXYZ":"Destiny Tech100 Inc","UFO":"Procure Space ETF"},"translate_title":"独家：罗斯·格伯(Ross Gerber)将以2万亿美元的估值出售部分SpaceX股票——“看在上帝的份上，它怎么值这么多钱？”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UFO":0.6,"XOVR":1.5,"DXYZ":1.5},"content_text":"Asked if Musk may keep his promise to give Tesla shareholders early access to SpaceX shares ahead of the IPO, Gerber thinks this promise may come true.\n\"I think he will,\" Gerber told Benzinga. \"I think he will give anybody access to these SpaceX shares at $2 trillion.\"\nGerber said the valuation may be \"outrageous\" based on a company doing around $20 billion in annual revenue.\n\"How in God's name is it worth so much money?\"\nThe wealth manager tells Benzinga he owns SpaceX stock thanks to investing in \"sh**ty Twitter with Elon.\" That investment has doubled or tripled, which comes as Gerber says Twitter, now known as X, is likely worth substantially less.\nGerber questions the math of the new valuation for the combination of X, xAI and SpaceX, which are all one company after several mergers.\n\"Finance is kind of like gravity. Eventually the forces of economics happen and so investors who you know invest in SpaceX at $2 trillion for them to make a decent return will need it to be worth $4 trillion.\"\nAt a $2 trillion valuation and rising valuations of private companies, Gerber can't help but question if there is a bubble ready to pop, saying it could be \"one of the biggest bubbles\" he's seen in a long time.\n\"Thank God they're not in the public markets because I'm in the public markets and I don't want bubbles here,\" Gerber told Benzinga.\nGerber said once companies are public, they have to put up numbers. He uses Netflix, the streaming giant that recently reported quarterly earnings, as an example. The company beat analyst estimates for revenue and earnings per share, but the stock fell because guidance was a little light.\n\"It's very hard to be a public company. So SpaceX is going to do everything possible to put what we call the sizzle on the stock so that everybody in America wants a piece.\"\nGerber said private equity investors are likely to cash out of their SpaceX stock ahead of the offering if they can or after the company goes public. Gerber himself plans to sell at least half of his SpaceX stock once it's public.\nThe wealth manager said that Gerber Kawasaki is also working with some SpaceX employees and they're being advised to cash out.\nSome investors and employees may have to wait months to cash out of their SpaceX shares, which could create concerns of valuation crashes months after the IPO.\n\"So when this six-month mark hits, you know, there's a tsunami of private equity that wants to cash in on their 10x, 100x returns.\"\nPhoto: Findaview/Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629865574","isCrawlerRequest":true}