The SpaceX IPO: A Test of Faith in a CEO's Vision The prospectus for the largest initial public offering (IPO) in history reveals Elon Musk's audacious plan to colonize Mars, raising questions about the business model's viability and the leadership that will drive it forward.
Despite financials that are eye catching – up to $75 80 billion raised at a valuation of $1. 5 trillion or more – SpaceX's losses last quarter were substantial: $1. 3 billion on just $4.
7 billion in revenue, with the Starlink satellite business heavily subsidizing Musk's rockets and xAI business. In contrast, Saudi Aramco performed well in 2019, raising $29.