Hook

Their other posts in the index, biggest breakout first.
SpaceX is about to go public. But Wall Street is already asking if it's gonna disappear before you had a chance to buy it. Let me explain what's happening. SpaceX filed its S1, which is a document every company has to prepare and file ahead of going public on May 20th. The road show starts on June 8th, and they're targeting somewhere between 1.75 trillion to 2 trillion dollar valuation. That would make it the largest IPO in history. Moment that S1 dropped, speculation of SpaceX and Tesla just exploded. Elon Musk already spoke about this publicly in November 2025 on X. He said how his companies are headed towards convergence. Tesla invested $2 billion in X.AI in January of 2026. Shares obviously converted to SpaceX shares when the SpaceX and X merger happened. SpaceX has already spent nearly $700 million on Tesla products like Cyber Trucks. Two companies are very clearly financially intertwined. You can see it in the SEC filing. CNBC reported on May 27th that Musk has been talking about this type of merger with close colleagues. And the prediction markets have also been speculating on this, though doesn't seem like there's a lot of confidence that it's happening. There. Here's the part that's really interesting, and that's the math behind it all. Buying SpaceX and Tesla would be worth roughly 3.4 trillion dollars. That's obviously bigger than Amazon, Microsoft, but who's who? It would also be losing money. What about SpaceX's contribution? It registered a loss of $4.94 billion last year. Four point 94 billion dollar gap loss in 2025. Tesla's profits have dropped from $15 billion in 2023 to just under 4 billion today. So you'd have the fifth most valuable public company, basically made up of billions of dollars. Musk ask that would essentially be negotiating and structuring a deal with himself because he controls 85% of SpaceX and 20% of Tesla. Obviously often markets price the vision and not the math. But at some point that changes. We clearly have not hit that point yet.