Is the SpaceX IPO a Scam?

On Friday, SpaceX is going public with the largest IPO in history at a valuation of over $1.75 trillion. In this video, we're taking a look at why the IPO looks a bit dodgy and why it's not obvious why SpaceX is even going public.

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Sources SpaceX valuations over time https://www.ft.com/content/70fa49e3-1014-4412-890f-c7fe91497db9 https://www.fidelity.co.uk/markets-insights/investing-ideas/investment-trusts/the-funds-that-already-invest-in-spacex/

Largest companies by market cap/revenue https://www.fool.com/research/largest-companies-by-market-cap/ https://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue

Underwriter propaganda https://www.ft.com/content/516cd0e5-a402-4b6c-8035-d688dc5f0cf4 https://www.reuters.com/legal/transactional/morgan-stanley-expects-spacex-revenue-hit-34-trillion-2040-wsj-reports-2026-06-05/

Changes to Index rules https://www.ft.com/content/8c580237-c45e-4d11-b0e0-ebb4ef766580

IPO data https://www.ft.com/content/6173ce09-32bb-404c-98f2-c8ad6f6f0e69