SpaceX is going public at a casual $1.77 trillion valuation

So, SpaceX is finally going public, and the numbers are so absurd they sound like they were generated by a broken simulation. They priced their IPO to value the company at $1.77 trillion. To put that in perspective, they just raised $75 billion, absolutely obliterating the previous global IPO record held by Saudi Aramco.

But here is the absolute kicker: SpaceX is currently losing billions of dollars. In 2025, they brought in $19 billion in revenue but somehow managed to lose nearly $5 billion. In the normal business world, losing five billion dollars means you get fired. In Elon Musk's world, it means your company becomes the seventh-largest in America before it even trades a single public share.

Naturally, Wall Street doesn’t care about minor details like "making a profit." The IPO is already oversold by four times. People are treating this like a golden ticket, mostly because they aren't just buying rockets—they're buying into Starlink and his xAI brain-child. Meanwhile, Musk owns over three-quarters of the stock.

If this stock skyrockets, humanity might actually witness its first official trillionaire, all funded by a company that literally burns cash to leave the atmosphere.

Source: New York Post