GeneralBearishThe Verge – AI · 3h ago7/10
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The SpaceX IPO is great for Elon Musk and terrible for you
Elon Musk filed to take SpaceX public with a reported $1 trillion valuation despite $5 billion in losses last year, drawing comparisons to the failed WeWork IPO. The article argues the company's astronomical valuation and claimed $28.5 trillion total addressable market represent a significant overvaluation that could leave retail investors as bagholders.
