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Tomorrow is the day the financial world changes.
SpaceX S-1 drops — and the numbers are unlike anything ever filed in the history of capital markets.
$2 trillion valuation target.
$75 billion raise.
Every single dollar — primary issuance. Straight to the balance sheet. No secondary sales. No insiders cashing out.
Elon Musk isn’t selling a share. He holds 42% equity and 79% voting control. This is his life’s work. He’s not leaving.
Goldman Sachs is leading the deal. The same Goldman that led Tesla’s IPO in 2010. That investment returned 30,000% to anyone who held.
30% of shares go to retail investors first. The largest retail allocation in IPO history — for the largest IPO in history.
SPCX starts trading June 12th. Nasdaq-100 eligible within 15 days. The moment it qualifies — every single QQQ fund on the planet becomes a forced buyer. Trillions of dollars in passive capital with no choice but to own SpaceX.
Now remember what’s actually being bought.
Launch company. Reusability company. Connectivity company. Compute company. Model company. Mars company.
$28.5 trillion total addressable market. $119 billion Terafab breaking ground. Anthropic signed. Google in talks. 55 launches in 2026. Zero failures. One every two days.
Elon’s pay tied to colonizing Mars. Gwynne wants a settlement in 10 years. Starship on the pad.
Goldman led Tesla at $1.7 billion. It’s worth $1.7 trillion today.
SpaceX files at $2 trillion tomorrow.
The only question worth asking is: where does it go from here?


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