SpaceX Files to Go Public, and the Math Requires a Little Faith The long awaited SpaceX S 1 filing has finally landed, and it's everything the space enthusiast community had hoped for – and more.
The 36 page document is less a sobering financial analysis and more a celestial vision board, replete with ambitious numbers and tantalizing promises. The Market Math: A Recipe for Disaster?
SpaceX's valuation target, pegged at over $200 billion, would make it the largest IPO in American history. But what justifies this astronomical figure is the company's claimed $28 trillion total addressable market.