SpaceX’s listing raises questions; the company’s valuation is more than four times Romania’s GDP (analysis)

SpaceX’s valuation has reached $1.78 trillion, a level more than four times Romania’s gross domestic product, and the mechanism through which the company arrived at this figure raises questions about how stock markets function, according to an analysis by Frames. The listing of the largest IPO in history, SpaceX’s initial public offering, has stirred excitement […]