SpaceX IPO: The Biggest Debut in History, or the Most Expensive?

SpaceX filed for an IPO targeting a 1.75 trillion dollar valuation and a 75 billion dollar raise. That would shatter every record in stock market history. We break down what Starlink's revenue actually supports, why Musk is giving retail investors 30 percent of the shares, the xAI merger, the new 60 billion dollar Cursor deal, and the risks nobody in the hype cycle wants to talk about.