Nick Colas: SpaceX Valuation Doesn’t Add Up on the Math

Nick Colas, co-founder of DataTrek Research, said SpaceX’s valuation doesn’t add up compared with the level of investment into the space technology company. According to Bloomberg, he said investors are betting on Elon Musk’s track record of success and his ability to bring interesting technology to the public, rather than on math that people can “rationally model.”