1 revisions for "SpaceX's $1.75 Trillion IPO: The Largest Public Offering in History Faces a Reality Check"
SpaceX is set to debut on the Nasdaq on June 12 at a $1.75 trillion valuation, raising a record $75 billion and eclipsing Saudi Aramco's 2019 listing. But the S-1 filing reveals a company where only one of three business segments — Starlink — is profitable, while Morningstar pegs fair value at just $780 billion, and governance provisions give Elon Musk 79% voting control despite owning 42% of equity.