#SpaceX #IPO: What investors should know before the hype 📖 1. How SpaceX actually makes money? #Starlink: main revenue engine and the only clearly profitable segment🟢 #Rocket launch services: strategically important, but still under margin pressure🔴 #AI: newest and most speculative segment ex.#Grok, with upside but heavy cash burn🔴 Revenue is growing fast, but SpaceX is still not profitable on a consolidated basis. 2. Is it really worth $1.77T ? At a potential $1.77T valuation, SpaceX would trade at roughly 94x revenue. #Nvidia: around 36x #Tesla: around 12x #SP500: around 2.7x 👉The future may be huge, but much of it is already priced in. 3. Other key pionts to watch #Musk controls roughly 80% of voting power, creating strong founder control but also key-person dependence and limited public shareholder influence. Only around 4% of shares may trade publicly at first, which could amplify early price swings, especially with heavy retail participation. Full analysis 👉 https://blofin.com/academy/market-brief/what-you-need-to-know-before-the-spacex-ipo(BloFin Research)