Speaker
Ryan Mac
28 bits across the podcasts they've appeared on
The SpaceX IPO is expected to raise between $50 billion and $75 billion, making it likely the largest IPO of all time.
SpaceX is expected to be valued at more than $1.25 trillion when it goes public.
Roughly 30% of SpaceX IPO shares are expected to be allocated to retail (everyday) investors — about three times the typical 5–10%.
SpaceX will be added to the Nasdaq 100 after just 15 days of trading, compared to the standard 3-month cooling-off period.
Starlink, SpaceX's satellite internet service, has amassed approximately 10 million users.
Starlink generated approximately $4.4 billion in profit last year, making it the crown jewel of SpaceX's business.
SpaceX rockets are estimated to carry more than 85% of all mass launched into orbit from Earth.
SpaceX's capital expenditures doubled to $20.7 billion in 2024, driven largely by its AI investments after merging with xAI.
Despite Starlink's profitability, SpaceX recorded a $4.3 billion loss across its whole business in 2025.
SpaceX's own IPO documents estimate its total addressable market at $28.5 trillion — close to the entire US GDP.
Elon Musk bought Twitter for $44 billion, but investor markdowns later valued the company as low as $10 billion.
Elon Musk holds approximately 85% of the voting control in SpaceX through supervoting shares, giving him near-unchallenged authority.
Musk's shares in SpaceX carry 10 votes for every 1 vote held by a regular shareholder.
Elon Musk's net worth fluctuates between $600 billion and $800 billion, making him already the world's richest person.
