SpaceX IPO Preview

• SpaceX (SPCX US) finally provided the IPO prospectus. The company is seeking to raise up to $75 billion in this IPO at a valuation of about $1.75 trillion.

• One of the major highlights of the prospectus was SpaceX’s ambitious ambitious roadmap to build data centers in space.

• At the core of the argument behind valuation of $1.75 trillion+ is whether enough investors believe in the story of SpaceX being able to dominate the orbital data center business.