Ackman Projects SpaceX Could Achieve Lowest Cost of Equity Capital in History

Bill Ackman, who has invested in SpaceX through an SPV at Ron Baron's recommendation, predicted that a SpaceX IPO at $750 billion would represent the most efficient equity capital raise ever. He argued the company should be evaluated like a venture investment based on Elon Musk's execution track record, near-monopoly launch position, and Starlink's trajectory rather than traditional valuation metrics.