Everything on Investment Valuation

Mega-IPO valuations are shifting from earnings-based models to extreme price-to-sales multiples driven by long-term disruption potential. Pre-profitability infrastructure enterprises require forward-looking pricing frameworks.

Impact: Requires institutional investors to develop new analytical models that account for monopolistic technological advantages and speculative revenue projections.

— from SpaceX IPO, Quantum Computing, and Market Governance Shifts · Deffner und Zschäpitz – Der Wirtschafts-Talk von WELT· May 23, 2026