Originally Posted by
Flyby1206
Hey folks, sorry to interject. Just saw this article and was curious about the $2bil valuation they are shooting for the IPO. Does F9 own all of its fleet? Or leased?
VX was about $1.6bil valuation before the crazy bidding war began, but they had some high priced real estate in SFO.
Stock valuation never makes much sense. Uber is worth a market cap of 65 Billion, and has zero assets except maybe a couple rented office buildings. GM, which has huge car factories all over the world is worth 50 Billion. I wouldn't over think it. Investors either like it or they don't. Amazon is worth more than almost all the brick and mortar retail stores put together.
If Frontier is worth 2 Billion to investors, then Indigo made a heck of a profit buying us for 150 million. Kind of makes a few tarmac delays seems inconsequential, doesn't it?