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Space X IPO shows Musk has found cheat code for capitalism

22 May 2026
in Tech
Reading Time: 7 mins read
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Space X IPO shows Musk has found cheat code for capitalism
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Elon Musk, who has effectively admitted cheating at video games, may have found the ultimate cheat code that will turn him into the first trillionaire in the global game of capitalism.

That may well be the story of the SpaceX IPO, for which the company filed its SEC-mandated S1 form Thursday. The document was stuffed with eye-poppingly dubious claims about SpaceX’s future as an AI company, as well as eye-wateringly embarrassing admissions about SpaceX, its new subsidiary xAI, and Grok.

And yet, none of these pokes in the eye seem to stop SpaceX from eyeing a record $1.75 trillion valuation.

SEE ALSO:

Why SpaceX bought xAI: Data centers in space aren’t the only reason

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