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A $1.75 Trillion IPO Would Be Overpaying 30% for SpaceX

SpaceX filed confidentially for an IPO on April 1, 2026, targeting a $1.75 trillion valuation and a June listing. If completed, it would be the largest IPO in history. I found this valuation interesting because SpaceX is a conglomerate now, so valuing the business segments together has a lot of intangible value. But my particular interest was because the IPO will happen in June (or later), so the question is not: what is SpaceX worth now, but what will SpaceX be worth then? That's a forecasting ...

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