How should public market investors approach trillion dollar private valuations like SpaceX and OpenAI?
Replied byBill Ackman
Founder & CEO at Pershing Square Capital Management
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: New York City, New York, United States
Started: 2004
Investors must evaluate if the price makes sense in light of the company's future. Traditionally, IPOs allowed retail investors to buy in early and make a fortune. But once a company goes public at a trillion-dollar valuation, it is harder for retail investors to capture massive growth.
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