SpaceX IPO Aims for $1.8 Trillion Valuation

SpaceX is targeting a $1.8 trillion valuation and $75 billion raise in its upcoming IPO, surpassing Tesla and Saudi Aramco's records. The IPO combines AI and space economy opportunities under Elon Musk's leadership, but faces skepticism due to operating losses and capital intensity. Mega-IPOs often underperform in the six months after listing. Retail investors risk significant losses due to hype and structural issues. SpaceX's AI subsidiary xAI trails behind competitors in revenue growth.