Discussion

• NewsMax.com Sam Barron on x

  SpaceX to Launch IPO, Valued At $1.25 Trillion

• @arpitrage Arpit Gupta on x

  SpaceX consists of a few parts: • Starlink had FY 2025 revenue of $11.4b, operating income $4.4b, growing 50% YoY • Space is somehow breakeven but Starship takes $4b/yr in R&D • xAI had $12.7b in cap ex and $6.4b in operating losses

• @pitdesi Sheel Mohnot on x

  SpaceX S-1: 2025 revenue: ~$18.7B, +33% YoY By segment: Starlink: $11.4B, +50% YoY, +$4.4B op profit Launch: $4.1B, +8% AI/xAI: $3.2B, -$6.4B loss Wonder how they'd be valued separately

• @polymarket @polymarket on x

  JUST IN: SpaceX IPO filing reveals the company holds 18,712 Bitcoin at a cost basis of roughly $35,000 per BTC.

• @gilbert Ben Gilbert on x

  I love how heavily @SpaceX leaned into photography in their S-1. The first 15 pages are all pictures, many of which have no explanation at all. It just makes you... feel. [image]

• @gergelyorosz Gergely Orosz on x

  I don't offer investment advice, but when I see that SpaceX claims that their total addressable market is the size of the *complete* US economy (with everything!) and they are saying they are now 1% SpaceX, 5% Starlink, 94% AI (???) - I sense AI washing.

• @shakeelhashim Shakeel on x

  SpaceX's S-1 has gotta be the most sci-fi SEC filing of all time. “[we will] harness the Sun to power a truth-seeking artificial intelligence that advances scientific discovery, and ultimately to build a base on the Moon and cities on other planets.” “By moving beyond the only

• @shakeelhashim Shakeel on x

  this appears to be the first time “Kardashev” has been used in an SEC filing [image]

• @boringbiz_ @boringbiz_ on x

  SpaceX IPO valuation implies a 93x revenue multiple and you don't even have a P/E ratio because the company has negative earnings [image]

• @rmac18 Ryan Mac on x

  SpaceX's IPO prospectus was just made public and it details Elon Musk's stake. So I did some back of the envelope math. He owns more than 51% of current shares outstanding. At SpaceX's current $1.25 trillion self-valuation, his stake is worth more than $635 billion. [image]

• @mikeisaac Rat King on x

  the meta-story of today (lowercase M) is how all three big AI companies rushed to whip their shit out for IPO land all within the span of a few hours the bakeoff btwn SpaceX, OpenAI and Anthropic public offerings this fall is going to take years off my life

• @kevinakwok Kevin Kwok on x

  SpaceX is most enjoyable S1 read in a long time Reads so easy like sci-fi or fiction

• @shaunmmaguire Shaun Maguire on x

  The moment we've all been waiting for!!! 🚀 [image]

• @scaling01 @scaling01 on x

  xAI reportedly spent $20B in 2025 and revenue only grew by about 22% that year (vs something like 200% and 900% for OpenAI and Anthropic) [image]

• @wexler Nu Wexler on x

  SpaceX S-1 does not disclose a standalone X MAU number (550 million figure is combined X + Grok). Twitter's last public disclosure before going private in October 2022 was 237.8 million mDAU.

• @shaunmmaguire Shaun Maguire on x

  Massive congratulations to the @SpaceX team It's just a milestone on their journey to the stars But they've worked so hard for this 🫡🚀

• @shenlucinda Lucinda Shen on x

  Musk will get 0.20% more of SpaceX, for every $500 billion increase in market cap, capping out at $7.5 trillion (and provided he's put up that colony in Mars). At $7.5 billion, that would be some $15 billion worth of shares.

• @danprimack Dan Primack on x

  Immediate reax to SpaceX S-1: It's a big company, but not as big as many of us thought.

• @beffjezos @beffjezos on x

  SpaceX going public means they will leverage civilization-scale markets to turbo-charge their techno-capital acceleration and take civilization to the stars. Huge milestone for humanity.

• @business @business on x

  SpaceX's IPO filing reveals billions in losses, Elon Musk's tight control through super-voting shares, and Starship at the center of the company's AI and connectivity ambitions. @EdLudlow explains: https://www.bloomberg.com/... [video]

• @mollysoshea Molly O'Shea on x

  How Elon Builds Trillion-Dollar Companies The First $1.75 Trillion IPO Inside @elonmusk's Playbook: SpaceX, xAI, Neuralink & Trillion-Dollar Ambition Shaun Maguire, Sequoia Why SpaceX may be the greatest company, largest IPO & wealth creation event of all time, + why Shaun [video…

• @jbulltard1 @jbulltard1 on x

  If you think this is worth $2 trillion you should find a new hobby bc finance isn't for you [image]

• @erikbryn Erik Brynjolfsson on x

  If the TAM for @SpaceX's IPO is $26.5 trillion in AI, what's the right number for @AnthropicAI, @OpenAI and @Google ?

• @tanayj Tanay Jaipuria on x

  Space's S-1 has some more details on the Cursor collaboration: - SpaceX has a 30-day window post-IPO to acquire Cursor at a $60B valuation (paid in SpaceX stock) - If they walk away: $10B in fees to Cursor ($1.5B termination + $8.5B deferred services) - In the meantime: SpaceX [i…

• @puppyeh1 Jeremy Raper on x

  Elon is smart. He has a massively overvalued mega cap albatross he needs to get public before the music stops and he knows - as everyone does - that OpenAI may well blow up and pop the bubble. Hence he's pushing out SpaceX first...

• @sciguyspace Eric Berger on x

  SpaceX is making some huge bets on the future of AI. Investors will get to decide whether they're smart bets. https://arstechnica.com/...

• @kevinakwok Kevin Kwok on x

  Antonio Garcias has thirty entities invested in SpaceX. In case you were wondering what truly going long looks like [image]

• @danprimack Dan Primack on x

  The bull case is that this could work as a growth story. The bear case is that it is already long-in-the-tooth as an IPO, and moving into a market w/ giant hungry players.

• @arpitrage Arpit Gupta on x

  This is SoftBank esque: SpaceX identifies a TAM of $28.5 trillion [image]

• r/Aktien r on reddit

  SpaceX hat den Börsengang beantragt

• r/RKLB r on reddit

  SpaceX S-1 Filing

• r/wallstreetbets r on reddit

  Musk's SpaceX Files Publicly for Nasdaq IPO Under Symbol SPCX

• r/SpaceXLounge r on reddit

  SpaceX's SEC Form S-1 IPO Prospectus has been posted [Discloses new company financial information]

• r/ASTSpaceMobile r on reddit

  SpaceX S-1

• r/wallstreetbets r on reddit

  SpaceX IPO prospectus has been released

• r/RealTesla r on reddit

  Musk's SpaceX Files Publicly for Nasdaq IPO Under Symbol SPCX

• r/BetterOffline r on reddit

  SpaceX S-1 filing

• @nottombrown Tom Brown on x

  We're expanding our partnership with @SpaceX, and will be scaling up on GB200 capacity in Colossus 2 throughout June. Appreciate @elonmusk and the team helping us find good homes for the Claudes.

• @alexeheath Alex Heath on x

  Tech CEOs invited to the White House tomorrow for the afternoon signing of Trump's EO on AI safety, per sources: - Elon Musk - Andy Jassy - Sundar Pichai - Mark Zuckerberg - Satya Nadella - Tim Cook - Sam Altman - Dario Amodei - Marc Benioff - Nikesh Arora - George Kurtz - Chuck …

• @burggrabenh Alexander Stahel on x

  Sept 1999ish

• @beffjezos @beffjezos on x

  If you think your rent in SF is expensive, just wait until you hear how much Claude is paying in Memphis

• @pitdesi Sheel Mohnot on x

  Anthropic is paying $1.25B a month to SpaceX for compute [image]

• @chrisparkx Chris Park on x

  everything is compute-r

• @kimmonismus @kimmonismus on x

  Holy: After Anthropic secured compute capacity from Colossus 1, it is now also getting access to compute from Colossus 2. But to be honest: I somehow expected to his. Grok certainly doesn't need all that compute.

• @elonmusk Elon Musk on x

  As the recently expanded partnership with @AnthropicAI demonstrates, @SpaceX is offering AI compute as a service at significant scale. We are in discussions with other companies to do the same. Over time, especially with orbital data centers, we expect to serve AI at extremely

• @stanphylcap @stanphylcap on x

  SpaceX free cash flow... Nice science project America's 401(k)s are buying! $SPCX [image]

• @pitdesi Sheel Mohnot on x

  the Anthropic rev alone is $15B for NTM 2025 revenue for the entire business was in total only $18.7B Note that Anthropic has a 90 day out. Would be a huge hit to revenue. https://x.com/...

• @tenobrus @tenobrus on x

  spacex revenue was $4.69B in Q1 pre-anthropic deal. now anthropic is paying them $1.25B monthly for compute. that means anthropic likely currently makes up *nearly half* of spacex revenue.

• @edzitron Ed Zitron on x

  So much for “Elon moved everything to colossus 2 and that's why he had spare capacity”

• @sspencer_smb Steven Spencer on x

  This is about 2X of what I was expecting in terms of revenue from Anthropic to SpaceX. But they are also selling them compute from Collosus 2 so makes sense.

• @shaunmmaguire Shaun Maguire on x

  People are generally bad at thinking nonlinearly I forecast people will be very surprised by the growth that's about to come 👀 🚀

• @chrisparkx Chris Park on x

  SpaceXAI will lead in powering the next wave of AI compute. 🚀🚀🚀

• @waterworldcapi1 Admiral Waterworld on x

  If the Anthropic and OpenAI valuations are right at all, $GOOG is worth $420 trillion.

• @amir Amir Efrati on x

  why Anthropic make a profit, you might wonder?

• r/singularity r on reddit

  Anthropic is paying SpaceX $15 billion per year

• r/technology r on reddit

  Anthropic is paying SpaceX $15 billion per year

• r/ClaudeAI r on reddit

  Anthropic is paying SpaceX $15 billion per year

• r/SpaceXMasterrace r on reddit

  Anthropic is paying SpaceX $15 billion per year

• r/Anthropic r on reddit

  Anthropic is paying SpaceX $15 billion per year

• r/wallstreetbets r on reddit

  Anthropic is paying SpaceX $15 billion per year

• @danprimack Dan Primack on x

  $TSLA had 5x SpaceX revenue last year. This biz is not as big as expected.

• @danprimack Dan Primack on x

  Twitter had $1.2b of revenue in Q1 2022. SpaceX's AI unit, including X and Grok and all AI compute, was only $818m in Q1 2022.

• @hypervisible.blacksky.app @hypervisible.blacksky.app on bluesky

  “Each of the [currently 46] types of turbines xAI is operating have the potential to emit more than 2,000 tons of NOx pollution annually, a group of chemicals that contributes to asthma-inducing smog.”

• r/Starlink r on reddit

  Starlink had 10.3 million paid subscribers in Q1, double the 5 million it had a year ago, according to SpaceX's S-1 filing.

• @jaguaranalytics @jaguaranalytics on x

  $SPCX Highlights of $1.75 trillion company: — 2025 sales $18.7 bn — 2025 operating loss $2.6 bn — 1Q26 sales $4.7 bn — 1Q26 operating loss $1.9 bn You are cordially invited to take out 2nd mortgage and buy on margin at 93x 2025 sales. S-1 filing: https://www.sec.gov/... [image]

• @onan_ous Onan on x

  The S-1 mentions Kardashev Type II in the glossary of terms Very normal IPO [image]

• @devanshpandey @devanshpandey on x

  is this not literally half of the combined company's total revenue??

• @quantian1 @quantian1 on x

  Holy fuck this is so bad you guys

• @eric_seufert Eric Seufert on x

  From the SpaceX S-1: X saw a $100MM decrease in advertising revenue in Q1, due to an “overhaul of the Company's advertising platform which impacted ad sales for a short period of time during the rebuild.” [image]

• Emil Protalinski Emil Protalinski on linkedin

  SpaceX is going public.  —  SpaceX has filed publicly for its IPO and will make its debut under the symbol SPCX on the Nasdaq in June (https://lnkd.in/gngVX3yn). …

• @solomonmissouri Solomon on bluesky

  What's surreal about this... a fifth of space x revenue comes from the federal government...  www.nbcnews.com/tech/elon-mu...

• @zeeshanaleem Zeeshan Aleem on bluesky

  However flawed it is at achieving this goal, our political system is designed around the idea that no individual should hold too much power lest they use it to abuse others.  But economic tyranny is entirely permissible & so many people worship these people like kings. www.nbcnew…

• r/Futurology r on reddit

  Elon Musk's pay package reveals what SpaceX actually is: a $1 trillion monster built to colonize Mars

• r/singularity r on reddit

  Elon Musk's pay package reveals what SpaceX actually is: a $1 trillion monster built to colonize Mars

• @jeffjarvis@mastodon.social Jeff Jarvis on mastodon

  His stock is a sucker's bet.  His AI is a joke; his satellites have competition on the horizon; rockets are government largesse; he's a terrible manager.  —  Musk's SpaceX discloses massive losses ahead of expected record-breaking IPO https://www.washingtonpost.com/ ...

• r/EnoughMuskSpam r on reddit

  Musk's SpaceX discloses massive losses ahead of expected record-breaking IPO

• @mikeisaac Rat King on x

  i got the pitch deck in 2022 from someone who saw the made up numbers Musk's bankers were peddling and laughed you could argue that even still, it all comes out in the wash with SpaceX absorbing Twitter. but the numbers are absurd on their face https://www.nytimes.com/...

• @mikeisaac Rat King on x

  SpaceX claims a $28.5 TRILLION market let us look at Musk's pitch deck to banks for the twitter takeover in 2022, he said he'd create a $10 billion dollar subs biz by 2028 today, ad revs down 75% & subs biz is 6.4 million, (generously, $375 Million) the numbers are hogwash [image…

• @danprimack Dan Primack on x

  Anthropic and OpenAI both want to go public first, because it lets you set the narrative rather than being defined by your rival. BUT: There's also an argument that the one that pulls trigger first is doing so because it's numbers are inferior (i.e. doesn't want the known comp)

• r/myaibusiness r on reddit

  Elon Musk's pay package reveals what SpaceX actually is: a $1 trillion monster built to colonize Mars

• @katie_roof Katie Roof on x

  Some people got confused when they saw the filing. Antonio Gracias and Valor do not own 7.3% of the company, that's just the Class A shares. Our estimate is correct