06:22 AM EDT, 06/11/2026 (MT Newswires) -- SpaceX (SPCX) faces valuation concerns ahead of its planned public debut, with short seller Jim Chanos arguing the company's proposed $1.75 trillion market value is difficult to justify based on its expected financial performance, Reuters reported Wednesday.

Speaking at an investment conference in New York, Chanos said he does not believe the Elon Musk-led company warrants its targeted valuation under reasonable five-year projections, according to the report.

Chanos said investors are assigning significant value to future opportunities that have yet to materialize and noted that SpaceX is being valued at roughly 90 times revenue, compared with about 14 times sales for Tesla (TSLA), the report said.

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