SpaceX is going for an IPO, with a valuation shooting for $2 trillion.

If it happens, this will be the largest IPO in U.S. stock market history, surpassing the market caps of Walmart, Samsung, Meta, and Tesla.
A few key numbers: they're looking to raise $75 billion, with the roadshow kicking off as early as June. Even more rare—reportedly 30% of shares are allocated for retail investors, which is at least three times the usual allocation.
But don’t let the rocket launch visuals fool you. SpaceX's real cash cow is Starlink: 10 million subscribers, contributing most of the company’s revenue. This isn’t just a space company IPO; it’s a global satellite internet monopoly going public.
The question is, with a $2 trillion valuation, what’s the price-to-sales ratio? If we estimate Starlink's annual revenue at $15-20 billion, that valuation implies 100x+.
Will the market buy it? We’ll see the reaction during the June roadshow.#TradfiTradingChallenge