Anonymousabout 10 hours ago
SpaceX filed a confidential S-1 with the SEC on April 1, 2026, targeting a June listing at a $1.75 trillion valuation — which would make it the largest IPO in history by a wide margin. The filing follows the company's February merger with xAI, Elon Musk's AI venture, creating a combined aerospace-satellite-AI entity generating $15.5 billion in annual revenue and $8 billion in EBITDA. The offering raises fundamental questions about governance, valuation multiples that dwarf aerospace peers by 50x or more, regulatory risk from pending FAA and FCC proceedings, and the unprecedented concentration of power across Musk's overlapping business empire.