RT Thierry from arvy 🇨🇭 This is how you price an IPO. You don't sell what a company is. You sell what it could become. SpaceX wrote the most ambitious "could become" in SEC history. The filing claims a total addressable market of $28.5 trillion. Larger than the entire GDP of the United States. The breakdown: Space $370 billion. Starlink $1.6 trillion. AI $26.5 trillion. Read that again. 93% of the market SpaceX is selling you is AI software it does not build, does not sell, and does not own. It rests on a single AI compute contract that either side can cancel with 90 days' notice. That's not a moat. It's a handshake. Also listed in the prospectus as real future markets: space tourism, orbital manufacturing, transport to the Moon and Mars, energy generation on Mars, and yes, asteroid mining. At roughly 90x revenue, SpaceX isn't selling a stock. It's selling a worldview. Thierry from arvy 🇨🇭: This week, the largest IPO in human history begins trading. SpaceX. Ticker SPCX. $135 a share. $75 billion raised. A $1.75 trillion valuation. The old record, Saudi Aramco in 2019, raised $29 billion. SpaceX more than doubles it. A view from Switzerland: $1.75 trillion is more