SpaceX Wants to Make Human Civilization "Multiplanetary." Here's What That Means for Its Upcoming IPO.
Written by Ryan Vanzo for The Motley Fool -> SpaceX's mission is to form a multiplanetary civilization. SpaceX's bold claims are surprisingly reasonable, but that doesn't make the IPO an automatic win for investors. The SpaceX IPO (initial public offering) is expected to take
SpaceX's bold claims are surprisingly reasonable, but that doesn't make the IPO an automatic win for investors.
The SpaceX IPO (initial public offering) is expected to take place on June 12. The company's public debut is expected to break records. Reports suggest that SpaceX is targeting a $1.77 trillion valuation, with hopes to raise up to $75 billion in fresh capital.
It's hard to put SpaceX into a box. While most laypeople see the company as a rocket stock , it's also a satellite stock. The company's biggest money maker is currently its Starlink internet service.
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But SpaceX is even more than just a rocket and satellite company. Most of all, the company hopes to become one of the largest AI stocks on the planet. Just take a look at the company's claimed total addressable markets (TAMs) as described in its recent IPO prospectus : "We believe we have identified the largest actionable total addressable market in human history. We estimate that our quantifiable TAM is $28.5 trillion." A whopping $26.5 trillion of that $28.5 trillion total is related exclusively to AI.
Digging deeper into the prospectus reveals even more surprises.
Our mission is to build the systems and technologies necessary to make life multiplanetary," the company boldly claims near the beginning of the prospectus. "To do this, we have formed the most ambitious, vertically integrated innovation engine on (and off) Earth with unmatched capabilities to rapidly manufacture and launch space-based communications that connect the world, to harness the Sun to power a truth-seeking artificial intelligence that advances scientific discovery, and ultimately to build a base on the Moon and cities on other planets.
These are incredible claims. But it's important to put them into context. In terms of the company's upcoming IPO, here's how to put SpaceX's "multiplanetary" dreams into perspective.
