Is the SpaceX IPO About to Burn Your Retirement Savings?
The Valuation That Defies Gravity Let me read you a riddle. A company loses nearly $5 billion in a single year - 2025. It loses another $4.3 billion in the first three months of 2026. It carries an accumulated deficit of over $41 billion. Its core space operations alone lost $2.9 billion last year. And yet, according to multiple reports, this same company is about to go public at a valuation of $1.75 trillion - or roughly 90 to 100 times its annual revenue. For context, that is larger than Meta Platforms. It would slot just behind the five biggest companies in the S&P 500. At $1.75 trillion, SpaceX would trade at roughly 267 times its 2025 adjusted EBITDA of $6.6 billion. The riddle is not a riddle. The riddle is a trap. The company is SpaceX. The founder is Elon Musk . The IPO is being marketed as the opportunity of a generation. And the people who are being set up to lose their savings are you, your neighbor, and every American who trusts that their retirement portfolio is bein...