Jim Chanos Rejects SpaceX IPO Valuation Comparison To Amazon, Google, Meta's Early Days: 'Isn't Even Remotely True'

Short-seller Jim Chanos challenged comparisons between SpaceX's IPO valuation and early-stage valuations of tech giants, arguing that SpaceX's valuation far exceeds historical multiples. Amazon went public in 1997 at $450M (3x revenues), Google in 2004 at $23B (7x revenues), and Meta in 2012 at $104B (20x revenues), while SpaceX's valuation significantly dwarfs these figures. Concerns persist about SpaceX's profitability, with its AI division recording a $2.5B operating loss despite a $920M monthly Google deal.