As Elon Musk-led SpaceX gears up for its upcoming IPO, some analysts have cautioned investors against putting their money into the listing, citing concerns with the commercial space flight giant’s valuation.

The Juice Has Been Squeezed

Speaking to CNBC in an interview on Monday, Bryn Talkington, a managing partner at Requisite Capital Management, shared that investors would likely not see strong returns on their investment as much of the value is already priced in. “I think the juice has been squeezed from this orange,” she said, adding that the company’s $16 billion revenue at a $2 trillion market cap made “no sense” to her.

Another analyst, Stephen Weiss of Short Hills Capital Partners, shared that investors wouldn’t be able to generate returns at a $2 trillion market cap. “It's got to go to $3 trillion… it's ridiculous for ...