Elon Musk filed the paperwork on April 1. No, really.

In this episode of Zero Sum, I'm joined by Wajeeh Khan — stock market analyst at Invezz — to break down what the SpaceX IPO actually means for markets, for retail investors, and for the question nobody on Wall Street wants to answer out loud: is a $1.75 trillion valuation real, or is it the most expensive story ever sold on a Nasdaq listing?

We get into why Starlink is carrying the entire financial case for a company that lost nearly five billion dollars last year, what the xAI merger actually did to the balance sheet, and whether allocating 30% of the IPO to retail investors is democratisation — or just very elegant distribution.

Rockets. Satellites. AI losses. Bitcoin on the balance sheet. Data centres in orbit. It's all in here.

Biggest IPO in history. Let's work out if it's worth buying.

00:00 Trailer

01:12 Intro

01:47 SpaceX IPO Shock

03:27 Wajeeh welcome

04:55 Why Go Public Now?

08:13 xAI Merger Explained

10:56 Financials Get Weird

12:45 Starlink Carries It

14:09 Valuation Moonshot

16:32 Governance Retail Risk

18:01 Advice For Retail

20:46 Closing Takeaways

21:48 Bullish, Bearish & Wildcard

24:21 Final Sign Off

#SpaceX #SpaceXIPO #Starlink #ElonMusk #IPO #StockMarket #Investing #xAI