The Leverage

The Leverage

SpaceX is Asking for $1.75 Trillion

Should you give it to them?

Evan Armstrong's avatar
Evan Armstrong
May 21, 2026
∙ Paid

SpaceX the company will go down as one of the most important companies in human history. It’ll have reignited humanity’s multi-planetary ambitions, making us a spacefaring species.

SpaceX the stock will go down as one of the most offensive IPOs in the history of capitalism. It is a steaming pile of spectacularly stupid assumptions and financial piracy.

All of which is to say, I am anxious to buy the stock.

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