Elon Musk can’t hear you over the sound of his $1.75 trillion IPO

The SpaceX S-1 is finally here, and the story it tells goes far beyond rockets. The dossier alone runs to 36 pages of risk factors, and the numbers therein match the ambition: a total addressable market of $28 trillion, a pay package tied to establishing a Mars colony, and a valuation target that would make it the largest IPO in American history.

In this episode of TechCrunch’s Equity podcast, Kirsten Korosec, Anthony Ha, and Sean O’Kane take a closer look at what the filing actually says, what it leaves out, and whether this math has any bearing on reality.

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