The company pulling off the most successful IPO in the history of stock exchanges, SpaceX, is losing money hand over fist. And its promised future money-maker, data centres in space, is a pipe dream.

Credits

Thanks to Michael Mullan-Jensen, Evgeny Kuznetsov, Vlad A Gouf, Fadi Mansour, Bennet Piater, Eric and Sir Galteran for supporting this podcast financially and therefore making it possible for me to produce it!

The theme music for the podcast is a track called Fight or Fall by Def Lev. Find out more about the show at fab.industries/podcast — new media, new rules!

See Also

• Punching Upwards 34: Scam Altman
• Punching Upwards 27: LLMs Are a Dead-End

Sources

1. Musk’s SpaceX Goes Public: What Makes This IPO Different, The Wall Street Journal, 12 June 2026
2. SpaceX is now a public company valued for its AI potential, so what comes next?, Ars Technica, 13 June 2026
3. SpaceX (Space Exploration Technologies Corp, SPCX) trading on the NASDAQ, Google Finance
4. SpaceX Opens At $150—Surging 20% After Largest IPO Ever, Forbes, 12 June 2026
5. SpaceX’s I.P.O. Could Turn 4,400 Employees Into Millionaires, The New York Times, 10 June 2026
6. Rocket Man: The otherworldly ambitions of Elon Musk, The Mercury News, 10 April 2014
7. Meet the Musks: who's who in Elon’s extended family?, The Guardian, 21 February 2018
8. How Elon Musk made his money – from emeralds to SpaceX and Tesla, The Independent, 28 October 2022
9. Apollo's Portable Life Support System, Hamilton Standard, undated

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