finance
SpaceX Just Priced the Largest IPO in History. The Number That Matters Is 94x — and the One That Should Worry You Is 85%.
SpaceX priced the largest IPO ever — $75B at a $1.75 trillion valuation. The numbers that actually matter: ~94x trailing revenue, 85% of the votes still with Musk, and 69% of revenue from Starlink alone.