business • TechCrunch • 6 months ago

SpaceX reportedly planning 2026 IPO with $1.5T valuation target - TechCrunch

SpaceX reportedly planning 2026 IPO with $1.5T valuation target - TechCrunch

The company is looking to raise $30 billion, which would make it the biggest IPO ever, just ahead of Saudi Aramco's in 2019.

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SpaceX's grotesque IPO ambition, aiming for a record $1.5 trillion valuation, is capitalist excess at its zenith, another billionaire space race while millions on Earth can't afford basic needs. This epitomizes the perverse prioritization of elite playthings over the welfare of the working class. The true frontier is not in the stars, but in dismantling the systems that allow such obscene accumulations of wealth at the cost of public good.

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