A look at SpaceX's potential IPO, which reportedly aims to raise up to $50B at a $1.75T valuation, more than 7x higher than its ~$200B valuation in October 2024
Star Trek's warp drive allows a starship to bend space-time and exceed the speed of light without breaking Einstein's general theory of relativity.
SpaceX provably has revenues of less than $20bn and loses money after the merger with xAI, but is targeting a $1.75 TRILLION IPO. So FTAV explored how Musk might try to pull off what could be the biggest bagholder operation in history. https://www.ft.com/...
“... we are aware of no serious company ever having gone public at anything close to the enterprise value-to-sales multiple apparently being contemplated here.” https://www.ft.com/...
They're valuing this at $1.75 trillion: — “Last year, SpaceX generated an impressive $8bn in Ebitda on $16bn in revenue. However, ...xAI, ...despite revenues of only $210mn [had] a cash burn of $9.5bn for the first nine months of 2025. ” — www.ft.com/content/5bf1...
This superjumbo deal promises not to be a conventional exercise in price discovery. Musk has reportedly timed it to coincide with the alignment of the planets Jupiter, Venus and Mercury, but that's one of the more humdrum features. The SpaceX IPO looks like a carefully controll…