BlockBeats News, June 17th. Renowned investor Neil Shen posted on Snowball, expressing his recent understanding of the high valuation given to SpaceX after re-examining its history. He believes that the company may not necessarily be considered part of the "bubble" category.
He pointed out that if SpaceX could achieve an annual profit of around $150 billion in the future, then a market capitalization of around $3 trillion would not be unreasonable. He also believes that this profit level "seems possible" within a 5-10 year timeframe.
However, he also emphasized that the core of this assessment still depends on whether SpaceX can truly achieve this profit scale in the long term. After reviewing the company's development history, he is "very impressed" by its technological and business model capabilities, and maintains an open attitude towards its long-term growth potential.
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