If we can’t trust Goldman on which IPO to buy… who can we trust? WeWork. Goldman Sachs marketed the real estate firm at an inflated 96 billi…

If we can’t trust Goldman on which IPO to buy… who can we trust? WeWork. Goldman Sachs marketed the real estate firm at an inflated 96 billion dollar tech valuation. The IPO was pulled after the prospectus exposed massive losses, leading to a 2023 bankruptcy. Webvan. Goldman Sachs co-underwrote the online grocer at a 4.8 billion dollar valuation despite minimal revenue. The company collapsed into bankruptcy two years later due to excessive warehouse building costs. eToys. Goldman Sachs led the dot-com flotation and aggressively overinflated the startup's market valuation. The firm burned through its capital and entered full liquidation bankruptcy by 2001. Deliveroo. Goldman Sachs acted as lead bookrunner to push an aggressive 8.8 billion pound valuation. The stock cratered 31 percent on day one after large institutional funds boycotted the listing. GOLDMAN SEES SPACEX AI REVENUE EXPLODING TO 322B BY 2030 Goldman Sachs projects SpaceX AI revenue rising from 3.2B in 2025 to 322B by 2030, a ~100x increase, forming the core justification for its 1.78T IPO valuation. Total revenue is forecast to reach $474B, with Starlink at…

Source: Gary Marcus (X) | 2026-06-04