finance
SpaceX Files for IPO at $5 Trillion Valuation
Treasury Secretary Scott Bessent predicted a SpaceX IPO could reach a $5 trillion valuation. He also forecast substantial disinflation after one or two additional hot inflation prints.
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Treasury Secretary Scott Bessent stated that a SpaceX initial public offering could reach a $5 trillion valuation. Jim Cramer, a CNBC host, warned that the IPO could lead to a market breakdown. Scott Bessent said he expects substantial disinflation after one or two more hot inflation prints.
Bessent also predicted a quick turnaround in current inflation and high oil prices after a brief period of elevated prices.
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