The SpaceX IPO could be the biggest ever seen and make Elon Musk a trillionaire if he meets performance targets that are like no other: putting people on the moon and on Mars.
Does anyone actually believe this IPO will be undersubscribed?
There has never been an IPO like it and may never be again.
It doesn't matter that SpaceX struggles to make a profit - who else has built a wildly successful space company from scratch, you can count them on one hand.
Musk is looking for $75 billion and that is less than the EU is loaning to fund Ukraine and they have no hope of putting people on the moon or Mars ... so which is the better investment?