In just a couple of weeks, SpaceX will IPO.
If you’ve been planning to buy SpaceX stock, it might be a good idea to peruse the company’s prospectus before investing — if you have the time
Granted, at 380 pages in length (including footnotes), the SpaceX IPO prospectus is not an easy read — or a quick one. The prospectus also spends a lot of time telling us things we already know about the most famous Elon Musk company that isn’t named Tesla (NASDAQ: TSLA). Things I already knew Not everything in the SpaceX IPO prospectus is actual “news” — not to those of us who’ve been following the company for years.
SpaceX leads off the document with a series of boasts about how SpaceX has launched more than 650 missions to space, 85% of which used reusable rockets, and put 78 humans in orbit. Boasts about the wildfire success of Starlink, which began launching satellites in 2019, went live in 2020, and today possesses 9,600 satellites in orbit, serving 10.3 million customers in 164 countries. SpaceX even boasts about the artificial intelligence (AI) business that it has shoehorned into the SpaceX IPO, a business that has accumulated 550 million monthly active users since 2023 — and that lost $6.4 billion last year.