SpaceX IPO raises $75 billion in biggest debut of all time, with Elon Musk on verge of trillionaire status

Jan

Jan

Who's the Boss?
Staff member
Joined
May 24, 2010
Messages
14,780
Reaction score
13,421
Location
The Rabbit Hole
SpaceX IPO Raises $75 Billion in Biggest Debut of All Time

SpaceX has made history with the biggest-ever IPO, sending it into the top ranks of the largest public companies and putting founder Elon Musk on the verge of becoming the world’s first trillionaire.

The company raised $75 billion in the IPO, pricing 555.6 million shares at $135 each. SpaceX’s IPO is more than double the size of Saudi Aramco’s $29.4 billion listing in 2019.
 
  • Wow
Reactions: SHL
konfab said:
Yeah, but I think there is value eventually.

I wouldn't short it for example.
Click to expand...
Where's the value in SpaceX exactly? They bundled it with an albatross in xAI that's haemorrhaging cash even with the fake Google rental (that will misteriously half in September).... The revenue doesn't reflect in the valuation.
 
2026 late stage American capitalism... where the more money you can burn and the more unprofitable companies you can spin up and bundle together, the richer you apparently are.
 
konfab said:
Yeah, but I think there is value eventually.

I wouldn't short it for example.
Click to expand...
Their finacials are just terrible.

The actual SpaceX that is rockets and starlink is based on huge boatload of debt, there's a reason they keep using the EBIDTA number (profit before interest), and the lead they have with starlink will probably only extend to the 2030s. It's also not huge profits, low billions, and the satellites will keep having to be replaced, so capital intensive for now.

The XAI portion is just insane, he used so much debt to buy it that it can never be profitable and will kill the rest of spacex.

The problem is that you can't short it as too many are invested in it, so they'll keep it propped up for longer than you can stay solvent.
 
Johnatan56 said:
Their finacials are just terrible.

The actual SpaceX that is rockets and starlink is based on huge boatload of debt, there's a reason they keep using the EBIDTA number (profit before interest), and the lead they have with starlink will probably only extend to the 2030s. It's also not huge profits, low billions, and the satellites will keep having to be replaced, so capital intensive for now.

The XAI portion is just insane, he used so much debt to buy it that it can never be profitable and will kill the rest of spacex.

The problem is that you can't short it as too many are invested in it, so they'll keep it propped up for longer than you can stay solvent.
Click to expand...
Scary

I was wondering why people keep giving him money. This makes sense.
 
Slckrck said:
And 6 months later it will tank. This is offloading to retail.
Click to expand...

Agreed think they even changed the NYSE rules so pensions funds could buy after 15 days and not the standard 90 or 100 days after a listing. Early investors gona cash out hard at this valuation. Would definately pick some up if it fell to around 750B.
 
Johnatan56 said:
Their finacials are just terrible.

The actual SpaceX that is rockets and starlink is based on huge boatload of debt, there's a reason they keep using the EBIDTA number (profit before interest), and the lead they have with starlink will probably only extend to the 2030s. It's also not huge profits, low billions, and the satellites will keep having to be replaced, so capital intensive for now.

The XAI portion is just insane, he used so much debt to buy it that it can never be profitable and will kill the rest of spacex.

The problem is that you can't short it as too many are invested in it, so they'll keep it propped up for longer than you can stay solvent.
Click to expand...

Exactly.
I've been wanting to short this mountain of dreams for a long time but it's been incredibly resilient to sanity so I wouldn't f**k with it.

For now, my "shorting" strategy is to simply hold on to crypto for instance, for dear life... or any metals etc. for those who have them.
When this insane asylum freight train derails one day so venture capital finally mixes with the reality on the ground people are going to be clutching at anything that's not tied to this disaster.
 
The whole idea of "net worth" of these mega rich folk has always felt like a smoke screen. The moment one share of SpaceX sold for $135 Elon's value went up.

Anyone want to buy 1 share in my company for $1000? (I'll buy it right back for $1200 but that would value my company at multi million dollars... loooool) - for legal reasons this is a joke.
 
Johnatan56 said:
Their finacials are just terrible.

The actual SpaceX that is rockets and starlink is based on huge boatload of debt, there's a reason they keep using the EBIDTA number (profit before interest), and the lead they have with starlink will probably only extend to the 2030s. It's also not huge profits, low billions, and the satellites will keep having to be replaced, so capital intensive for now.

The XAI portion is just insane, he used so much debt to buy it that it can never be profitable and will kill the rest of spacex.

The problem is that you can't short it as too many are invested in it, so they'll keep it propped up for longer than you can stay solvent.
Click to expand...
I mean that isn't quite true now.
Anthropic and Google are paying them a huge amount of money

Look at this:

The filing details a business that is currently dominated by SpaceX’s Starlink satellite internet offering, which generated more than half of the company’s revenue last year — around $11 billion. It also shows how much SpaceX has burned to get to this point: more than $37 billion lost since inception, according to the S-1.



And xAI, the artificial intelligence company Elon Musk created and recently merged into SpaceX, is not helping on that front. The filing shows SpaceX directed around 60% of its capital spending in 2025 to its AI division, or around $20 billion. And yet that division — which houses the chatbot Grok — lost billions last year, and only grew revenue by about 22%. That’s far below the reported revenue growth rates at frontier AI labs.
Click to expand...
https://techcrunch.com/2026/05/20/the-spacex-ipo-filing-ai-bets-starship-dreams-elon-musk/

Anthropic and Google are paying them for data centre compute at a rate of $26bn a year.

That puts them into a different category altogether. And I suspect once they do the cursor acquisition, grok will be up there with the others.
 
I’ll give to Elon, he’s made a career with being a conman. Most likely the most successful one to date.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X