SpaceX Stock May Actually Be a Horrendous Investment

SpaceX disclosed preliminary IPO filings ahead of a planned Nasdaq debut, aiming to raise at least $80 billion at a roughly $1.75 trillion valuation.

The filings show heavy losses, including $4.9 billion in 2025 and another $4.3 billion in early 2026, underscoring that the company is still far from profitable.

The valuation would exceed major global benchmarks such as Saudi Aramco, despite SpaceX’s ongoing unprofitability.

Investors are being asked to price in aggressive future growth assumptions, including large AI-related markets and enterprise applications.

The disclosure raises fresh concerns about IPO risk, pricing discipline, and whether speculative forecasts can support such a massive valuation.