The SpaceX IPO is the clearest sign yet of a bull market at its peak
Elon Musk's SpaceX is set to launch the largest IPO in history, aiming to raise $75 billion and achieve a valuation of $1.8 trillion. Despite its ambitious goals, including making life multiplanetary, SpaceX reported a loss of $4.9 billion last year on $18.7 billion in revenue. The prospectus highlights the risks involved, raising questions about the company's focus and financial viability.
- ▪SpaceX's IPO is expected to be the largest in history, raising $75 billion.
- ▪The company reported a loss of $4.9 billion last year despite $18.7 billion in revenue.
- ▪The prospectus includes a warning about the company's history of net losses and potential lack of profitability.
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Open this photo in gallery:If the initial public offering for Elon Musk’s SpaceX goes as planned in June, it will be the largest IPO in history.BRENDAN SMIALOWSKI/AFP/Getty ImagesShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountOne sign that this massive bull market is entering its final stages is the sheer outrageousness of what Elon Musk is now peddling to investors.The world’s richest man is pitching the chance to put your money into an effort “to make life multiplanetary, to understand the true nature of the universe, and to extend the light of consciousness to the stars.” Um, right. And that grandiose declaration of intent is just part of the mission statement that kicks off the 300-page-plus prospectus that Mr.
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