Wall Street strains to justify SpaceX’s $1.75-trillion price tag
The entrance to the SpaceX rocket launch area in Brownsville, Texas. Veronica Gabriela Cardenas/Reuters Wall Street is reaching for some unusual yardsticks to price Elon Musk’s SpaceX. At least one of SpaceX’s large institutional investors is privately benchmarking the rocket and satellite company not against aerospace rivals like Boeing or telecommunications giants like AT&T, but…