4 Reasons I'm Not Touching SpaceX's IPO

SpaceX plans to go public on June 12, aiming to raise $75 billion at a $1.77 trillion valuation. At 95 times last year's sales, the stock is extremely expensive. Starlink's profits are being wiped out by xAI's $6.36 billion operating loss in 2025, and the space division remains unprofitable.