93x Revenue… And People Will Still Rush to Buy It

SpaceX could go public at a valuation close to $1.75 trillion.

Let that sink in.

• The biggest IPO Wall Street has ever seen

• A valuation near 93x revenue

• And despite that, demand would probably be absolutely insane

Now here’s the uncomfortable part:

If this were a “normal” company, the valuation would look completely ridiculous.

But markets no longer pay only for current earnings. They pay for:

• future monopolies

• strategic infrastructure

• technological dominance

• and narrative

And Elon Musk may genuinely be the greatest capital storyteller in modern history.

Wall Street knows retail investors would enter full euphoria mode the second this thing starts trading.

The real question isn’t whether it’s “expensive.”

The real question is:

How do you even value a company trying to control global satellite internet, reusable space infrastructure, defense contracts, and potentially the future space economy itself?

Because once a company becomes critical infrastructure, traditional valuation metrics start breaking down.

That’s what makes this market feel so dangerous…

…and potentially so profitable at the same time.