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

Number spell up? | Image: Cath Virginia / The Verge, Getty Images

I haven't seen thing arsenic anserine as the WeWork IPO document successful a precise agelong clip - that is, until Elon Musk filed to instrumentality SpaceX public. WeWork was a joke. SpaceX is simply a threat. And if Musk and his bankers person their way, you are going to beryllium their bagholder.

Lots of the top-line details leaked agelong earlier the S-1 filing itself became public. There's the rumored valuation of much than $1 trillion. That's contempt the nearly $5 cardinal successful losses past year. The full addressable marketplace (TAM) for SpaceX - the magnitude of gross SpaceX thinks it could marque if won implicit what it thinks is its full lawsuit basal - was listed arsenic $28.5 trillion. By mode …

Read the afloat communicative astatine The Verge.