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By Laura Michelle Davis According to several news reports, including a detailed piece by The New York Times, thousands of current and former SpaceX employees could become overnight millionaires, thanks to today's IPO. Why does this coverage feel like a red herring? Probably because Elon Musk has become the world's first trillionaire, while other billionaires in his circle, along with a flock of Silicon Valley venture capitalists and private investment firms, are going to hit the jackpot again. The rest of us can barely afford to eat the proverbial cake. It's worth a reminder that SpaceX, whi

The confidential submission means we don't yet have access to the documents required for a public stock sale, including a prospectus that details the business's operations and the risks and challenges it faces. That eventual public filing will have to include details on the company's financials and the numerous potential risks it faces. Transparency will also be key. "If they lie to investors, then the company could be held liable," Corrigan said. Just as companies like Google, Apple, Meta and Microsoft have quarterly earnings calls, where CEOs take questions from investment analysts about the

By Jon Reed The IPO, as planned, is expected to value the company around $1.75 trillion. But not everybody agrees that the company is worth anything near that. Take the analysts at Morningstar, who looked at the company's core business lines and came up with something significantly less.An analysis published last week by Morningstar's Nicolas Owens and Suryansh Sharma put the company's value at $780 billion -- about half what SpaceX has said. They said the rocket business has the biggest upside, while Starlink will continue to be the main driver of cash for the company, although its opportun