The SpaceX IPO is great for Elon Musk and terrible for you

The SpaceX IPO discussion frames the proposed public offering as a watershed move with sweeping implications for investors. The piece cites rumors of a valuation north of $1 trillion and a total addressable market listed at $28.5 trillion, well above the US GDP of around $24 trillion. It contrasts SpaceX’s ambition with Tesla’s current earnings multiple—well into the hundreds versus Ford and Toyota around 11x, Nvidia at 33x—and characterizes SpaceX as a potential meme stock. The article notes that retail investors could receive about 30% of the IPO, while Nasdaq rules changes may expedite listing and index inclusion.