To The Moon

The SpaceX initial public offering is one of a kind; the investment opportunity is not. With a roughly $1.8 trillion valuation, the stock may be too big to reach escape velocity.SpaceX's IPO is arguably the biggest capital-markets event ever, and unique. There is the sheer size -- a record $75 billion raise is targeted, excluding overallotment options for bankers to buy an additional 83.3 million shares; the offering price isn't a range, but a specific price of $135; and the ultimate value of the company could hit $1.8 trillion. SpaceX's singularity will continue when it starts trading, with the company added to the Nasdaq 100 just 15 trading days after the offering, requiring passive buying of 10% to 15% of the shares outstanding, and a massive amount of retail participation in the IPO.Not everything is pretty. Consider SpaceX's artificial-intelligence business, grafted onto the company when it purchased xAI for $250 billion in February. It generated an operating loss of $6.4 billion

Momentus reported a purchase of 250 shares of Class A common stock by director Brian Kabot at USD 5.52 per share.Kabot’s direct holding rose to 4,708 shares following the transaction.Disclaimer: This news brief was created by Public Technologies using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Momentus Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission , on May 22, 2026, and is solely responsible for the information contained therein.