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The SpaceX IPO is on the launch pad, but investors looking for a company grounded in reality

may want to stand well back. The aimed for $1.75 trillion valuation would be a record, as would a targeted 75 billion plus in funds raised.

Ditto to the supposedly 28.5 trillion total addressable market that Elon Musk claims he can target,

a figure so large it represents a fifth of the entire global economy. But read past the moonshots

and what you actually find is an AI story and not necessarily a good one. SpaceX reported

nearly $19 billion in revenue in 2025 but posted just under a $3 billion operating loss.

Its AI segment alone lost over $6 billion.

The company that wants to colonize Mars

is currently burning through cash at a rate

that would make even the hardest tech booster wins.

So why are bankers and investors falling over themselves

to get a piece of this?

And how should shareholders feel

about climbing aboard this rocket ship when Musk alone will forever have his hands on the control

dials? All of this and more is in this week's viewsroom. It's Amy. And it's Jonathan,

and this is the views room, your weekly dive into the biggest topics in business, economics, and finance.

And Amy, like you said, this is going to be one of the biggest stories that we've ever had come across, just in terms of like sheer numbers here.

...