SpaceX IPO listing, June 14 -- The SpaceX's blockbuster stock market debut has generated significant excitement across global financial markets, with billionaire banker Uday Kotak calling the listing a "true test for capitalism."

Commenting on the blockbuster debut, Kotak said the company's valuation challenges traditional financial benchmarks and reflects a substantial wager on future growth and innovation.

In a post on X, he added that only time will tell whether the development marks a groundbreaking shift or the emergence of a speculative bubble.

"SpaceX IPO, listing, and beyond, is a true test for capitalism. The valuation does not fit any traditional matrix and is a huge bet on the future course of planet earth. Only time will te...