XAI Madison Equity Premium Income Fund
company
MCN · MM
Sentiment
Bullish (30d)0
Neutral (30d)0
Bearish (30d)0
Claims
SpaceX IPO is dramatically overvalued at $1.8T despite being an amazing company
At 125x trailing revenue with only 20% growth, SpaceX's IPO valuation dwarfs Google's at-IPO pricing by over 10x while growing revenue 10x slower. The 30% retail allocation exists because institutions won't pay this price.
Space Exploration Technologies Corp (SpaceX)
bearish
Alphabet Incneutral
Tesla, Incneutral
XAI Madison Equity Premium Income Fundbearish
X Corp (formerly Twitter)bearish
Anthropicneutral
OpenAIneutral
Nvidia Corpneutral
SpaceX IPO is massively overvalued at ~$1.8 trillion
Despite dominant launch economics and Starlink's growth, the IPO prices at 125x trailing revenue on just 20% growth — compared to Google's IPO at 10x revenue with 240% growth. XAI has negligible enterprise AI market share, making the AI narrative hollow.
Space Exploration Technologies Corp (SpaceX)
bearish
Alphabet Incneutral
Anthropicneutral
Nvidia Corpneutral
XAI Madison Equity Premium Income Fundbearish
OpenAI IPO at ~$1 trillion offers limited upside for public investors
OpenAI is losing ~$70 million/day scaling to $156 million/day next year, while its $730B pre-money valuation requires capturing enormous value that history suggests infrastructure providers don't capture from application layers.
OpenAI
bearish
XAI Madison Equity Premium Income Fundneutral
