SpaceX: The S-1 That Claims 22% of All Money
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SpaceX just completed the largest IPO in history — $75 billion raised, $1.77 trillion valuation — and the S-1 filing behind it prompted one analyst to call it "unserious, empty, hallucinatory, and borderline dishonest." Derek and Grant pull apart how a genuinely operational rocket company built a pitch that claims a $28.5 trillion addressable market, with $26.5 trillion of it coming from AI…