SpaceX to Go Public at $1.77 Trillion Valuation, Poised to Make Elon Musk the World's First Trillionaire
By
Matteo Wong
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Elon Musk is taking SpaceX public with a valuation target of $1.77 trillion, positioning it among the world's top 10 companies and potentially making Musk the first trillionaire. The IPO is framed less as a Mars colonization play and more as infrastructure for the AI boom, using rockets to launch AI data infrastructure. This move is expected to push other AI companies toward public offerings as well.
Key quotes
· 3 pulledElon Musk is about to set in motion a chain of events that will reshape the global financial order.
His rocket company is targeting a valuation of $1.77 trillion, which would make it one of the 10 biggest companies in the world—bigger than Meta, Walmart, and, for that matter, Tesla.
All of this activity is less about colonizing Mars and more about providing the infrastructure for the AI boom: Musk wants to use his rockets to launch d
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