Chris Curl,
Editor
May 28, 2026
The world continues to get more bizarre by the day and the imminent launch of the SpaceX IPO is a prime example.
At a roughly $2 trillion valuation, its public debut would be the largest IPO ever recorded, larger than Meta (NASDAQ: META), Walmart (WMT), JPMorgan (NYSE: JPM), and Tesla (TSLA) combined.
If the numbers work out as planned, Elon Musk becomes the first trillionaire. The rocket gets a stock ticker. The dream goes public.
The filing itself is 277 pages of cosmic ambition. The company's stated mission is to extend "the light of consciousness to the stars." Its total addressable market is framed at $28.5 trillion which is larger than the GDP of Europe. The word “AI” appears more than a thousand times. The word “space” appears far less.
That last detail is worth pausing on.
Because underneath the mythology, there is a real set of financial questions that need answering. Revenue grew only 15% in the most recent quarter. Losses widened dramatically.
The company is being priced at more than 100 times sales, which would make it one of the most expensive publicly listed businesses in the history of American markets. And a significant chunk of the IPO shares are reportedly being reserved for retail buyers… the most loyal, most enthusiastic, and often least skeptical part of any fan-driven market.
Does that mean you should avoid it? Does the hype hide a genuinely transformational business? Is there a price where this becomes worth owning? And what happens when passive index money flows in automatically whether you choose it or not?
Those are exactly the questions I break down in my analysis. Each quarter I host a Tech Summit exclusive to my Digital Dispatch subscribers. Last quarter I covered SpaceX in advance anticipating it as the most highly anticipated IPO of all time.
On June 3rd, I will host my next Summit where I cover the SpaceX IPO in more detail now that its launch is imminent.
I will go through the filing, the valuation math, the AI angle, the connectivity business that actually makes money, and whether this IPO looks like a historic opportunity or a once-in-a-generation wealth transfer dressed up as a public offering.
The conclusion may surprise you. Or it may confirm exactly what you already suspected.
Either way, you need to read it before the stock starts trading.
Subscribe to Digital Dispatch to get the full breakdown, the portfolio implications, and my honest take on whether this is a buy, a wait, or a pass.
The rockets are ready. The question is whether your portfolio should be.
Digital Dispatch covers the markets, the technology, and the stories that matter before the mainstream catches on. Subscribe today.
Keep coming back,
Chris Curl
Editor, Bizarro World