SpaceX plans to raise $75B in its IPO
TL;DR
SpaceX plans to raise $75 billion in its upcoming IPO — by far the largest ever, more than double Saudi Aramco's previous record. It would offer 555.6 million shares at $135 each, valuing the company near $1.75 trillion. Most revenue today comes from Starlink, but Musk's bigger bet is on AI and orbital data centers.
Nauti's Take
Nauti sees a real opportunity here: a $75B IPO would hand SpaceX enormous capital for AI and orbital data centers, a market with huge potential. The risk lies in the valuation — $1.75 trillion rests on a TAM estimate that's nearly impossible to verify.
Believers in Starlink and the infrastructure bet get an exciting story; cautious investors should watch the gap between vision and today's revenue.
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