SpaceX Is IPOing Next Week. It's Not a Fundraise. It's a Statement. SpaceX prices next week at $135/share, targeting a $1.75T valuation. Goldman Sachs leads. The raise is ~$60-80B, but that's not the point. SpaceX is selling under 5% equity, keeping dilution minimal. A company that generates $18.67B in revenue and has a Starlink constellation, a launch monopoly, and an AI-data thesis doesn't need the cash. It needs a public price. That distinction matters. Traditional IPOs are fundraises. This one is a benchmark. Musk is establishing a public market reference for the space-AI-data infrastructure thesis, one that every future financing round, acquisition, and option grant will price off. The $75B raised nets Goldman and 20+ banks around $500M in fees, which SpaceX pushed down to a record-low sub-0.75%. Even the fee negotiation signals the power dynamic: they need us on this deal more than we need them. The S-1 disclosed 18,712 BTC in corporate treasury. At current prices that's a material asset, and it lands on public balance sheets the week the BTC corporate treasury narrative needs its most credible endorsement. If the world's most hyped IPO in history holds Bitcoin and trades at $1.75T, every CFO considering a BTC allocation just got a very visible data point. The 366-day lock-up is the sleeper detail. Insiders can't exit for over a year. That's designed to prevent an immediate post-IPO dump and force alignment with long-term price appreciation. Largest tech IPO ever. Minimal dilution. 18,712 BTC on the balance sheet. What's your read on Day 1 price action? Share your thoughts in the comments 👇 #SpaceXIPONextWeek $SPCX $OPENAI $ANTHROPIC