SpaceX Files for IPO, Targets $75B Nasdaq Listing

Establishment-critical narrative

SpaceX's IPO carries real risks — a "Musk effect" could drive extreme volatility, and Starlink profits might get funneled into Mars missions instead of shareholder returns. Tesla investors face a direct threat too, as capital will likely rotate toward SpaceX, splitting the pro-Musk retail base. Meanwhile, regulators appear willing to relax listing rules, and fast-tracked index inclusion and limited public share availability could artificially inflate demand. This leaves substantial downside if the hype outpaces reality.