Elon Musk's SpaceX may be the largest IPO ever. But what exactly is SpaceX | FT #shorts

So, what Musk does is he links what he can do now, something he's actually doing and building, with something over the horizon. He's soon going to have a lot of competition in rockets. And when that happens, where's his margin going to come from? Where's his profit Tesla's no longer an electric car company, it's now a robot company, you know, it's now and it's a taxi operating company, it's going to be something else. And the same thing with SpaceX. But like, how can it make sense to value this company at 1. 75 trillion dollars when it pulls in revenues that are probably no more than 20 billion with a B last year? I mean, come on. How is this going to happen? Before you actually get to that valuation, Elon is weaving this technology vision around it all, but it's fundamentally being driven by finance, you know, real cold, hard logic here. He needs to raise a ton of money. Right? X AI is a money pit. In his entire existence, he's probably raised 25 billion dollars, roughly 10 billion through SpaceX, 15 through Tesla. Well, he's now looking at raising 75 billion in one go. He's looked around, he's seen this AI mania on Wall Street, this willingness to fund hundreds of billions of dollars of infrastructure, and he said, "This is my big chance. " And he's rammed everything together.