Jim Chanos Rejects SpaceX IPO Valuation Comparison To Amazon, Google, Meta's Early Days: 'Isn't Even Remotely True'

Investor Jim Chanos challenged the prevailing narrative comparing SpaceX‘s initial public offering (IPO) valuation to early tech giants like Amazon.com (NASDAQ:AMZN), Google (NASDAQ:GOOGL) (NASDAQ:GOOG), and Meta Platforms (NASDAQ:META).

Chanos took to X on Saturday to respond to a user, The_Real_Fly, stating SpaceX, OpenAI and Anthropic IPOs would be like buying big tech in the early days.

The user posted a clip of Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang and Altimeter Capital‘s Brad Gerstner from a February interview with CNBC. While Huang and Gerstner discussed OpenAI and Anthropic IPOs, they did not mention SpaceX.

“This isn’t even remotely true,” wrote Chanos and pointed out that Amazon went public in 1997 at a $450 million valuation, or 3x revenues. Google went public in 2004 at a $23 billion valuation and at 7x revenues. Meta had a $104 billion valuation in 2012 at 20x revenues. He argued that SpaceX’s valuation far ...

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Jim Chanos Rejects SpaceX IPO Valuation Comparison To Amazon, Google, Meta's Early Days: 'Isn't Even Remotely True'

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