Pivotal Research warns SpaceX valuation depends on Starship reusability
Pivotal Research initiated coverage of SpaceX, saying its roughly $2 trillion valuation hinges on making Starship reusable enough to fly dozens of times with minimal, low-cost refurbishment.
SpaceX (SPCX) was in focus on Tuesday after Pivotal Research said the company’s roughly $2 trillion valuation depends heavily on solving one major Starship challenge: making it reusable enough to fly dozens of times with minimal, low-cost refurbishment. The brokerage initiated coverage of SpaceX with…