Suppose you are a new analyst at JPMorgan Chase and your first task after graduating from Fisher

College of Business is to determine the proper IPO price for SpaceX. You know that you will need to

produce a discounted cash flow analysis, but first, you want to get a rough sense of its valuation

through the use of multiples.

Imagine you know the following numbers $($in billions$)$ for the following companies:

If you use an EV$/$EBITDA ratio, what would be the price of SpaceX?

$$114\mathrm{.}12$

$$225\mathrm{.}09$

$$155\mathrm{.}97$

$$172\mathrm{.}32$