r/wallstreetbets
They merged a rocket company with an AI company that owns a social media platform that holds $770M in bitcoin and now its going public
A WSB meme post fantasizing about a fictional SpaceX/X/AI/Bitcoin mega-merger IPO with absurd valuation and governance risks.
- Dominant market share in US space launches and massive Starlink subscriber base.
- Huge institutional demand and diverse revenue streams including AI and crypto.
- Massive cash burn, unprofitable, and extremely high valuation multiple.
- Extreme corporate governance risk with one man controlling 85% of voting rights.
[](https://www.reddit.com/r/wallstreetbets/?f=flair_name%3A%22Discussion%22)So spacex goes public in 2 days at $1.77 trillion valuation,i have been watching this thing for months and tbh still dont know what to make of it like on one hand 82% of all US space launches, 10.3 million starlink subcribers, 18.7 billion in 2025 revenue and $250 billion in institutional demand before a single share traded publicly so the business is genuinely real.
On the other hand it burns like $30 billion a year, lost 2.6 billion in 2025 and is priced at 95x revenue and one man controls 85% of the votes and cannot be removed by anyone including the board(Although that guy is elon but all that power with just one man). The S1 casually mentions plans to put data centres in space in orbit By 2028.
And just to make sure nobody can properly categorize this thing after the x ai merger in feb SPCX is now starlink, rockets, grok AI, the X platform, and $770 million in bitcoin listed on bitpanda in 48 hours with fractional shares if you want in.
Idk if this goes to $300 or $60 on open,nobody does actually and thats kind of the point.