The SpaceX IPO is great for Elon Musk and terrible for you The SpaceX IPO is great for Elon Musk and terrible for you

Alexandru Orian

I haven’t seen anything as stupid as the WeWork IPO document in a very long time — that is, until Elon Musk filed to take SpaceX public. WeWork was a joke. SpaceX is a threat. And if Musk and his bankers have their way, you are going to be their bagholder. Lots of the top-line details leaked long before the S-1 filing itself became public. There’s the rumored valuation of more than $1 trillion. That’s despite the nearly $5 billion in losses last year . The total addressable market (TAM) for