r/stocks
They merged a rocket company with an AI company that owns a social media platform that holds $770M in bitcoin and now it's going public
Fictional post claims SpaceX merged with xAI to go public as SPCX at $1.77T, citing huge scale but extreme burn and valuation risks.
- Dominates 82% of US space launches with 10.3M Starlink subscribers and $18.7B projected 2025 revenue.
- Massive $250B institutional demand prior to public trading.
- Diversified ecosystem including Starlink, rockets, Grok AI, X platform, and $770M in Bitcoin.
- Burns $30B annually and lost $2.6B in 2025, trading at an extreme 95x revenue multiple.
- Severe corporate governance risk with one man controlling 85% of voting rights.
- Highly unpredictable pricing and categorization, making it impossible to accurately value.
Spacex goes public tomm at $1.77 trillion valuation,i have been watching this thing for months and I still dont fully know what to make of it coz like on one hand 82% of all US space launches, 10.3 million starlink subscribers, $18.7 billion in 2025 revenue and $250 billion in institutional demand before a single share traded publicly so the business is genuinely real.
But on the other hand it burns $30 billion a year, lost 2.6 billion in 2025 and is priced at 95x revenue and btw one man controls 85% of the votes and cannot be removed by anyone including the board(Although its elon but still all power with just one man), the S-1 casually mentions plans to put data centres in space
And just to make sure nobody can properly categorize this thing , after the xAI merger in feb, SPCX is now starlink, rockets, grok ai, the X platform and $770 million in btc and is listed on Bitpanda in 48 hours with fractional shares if you want in.
I dont know if this goes to $300 or $60 on open but actually nobody does and thats kind of the point.
Positions or ban.