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00:03SpaceX's IPO filing has been called the craziest ever filed by Aurelian Research,
00:08which says it belongs in its own category, according to a note published this week.
00:13The firm described the S1 filing as reading like a sci-fi novel.
00:17Unlike typical IPOs focused on standard financial metrics, SpaceX is filing forces investors to
00:23also grapple with orbital data centers, AI infrastructure, Musk's voting control,
00:28and a permanent Mars colony of at least one million people.
00:33Wall Street is being asked to value a company whose story extends far beyond rockets and satellites,
00:38with Mars colonization tied to CEO incentives and AI infrastructure central to the valuation case.
00:45Musk's compensation package, potentially worth $737 billion,
00:49includes a $583 billion stock milestone that only vests if SpaceX reaches a $7.5 trillion market cap
00:58and builds a permanent Mars colony with at least one million inhabitants.
01:03Aurelian argues SpaceX is no longer mainly a rocket company,
01:06filing to go public as an AI infrastructure company that happens to own rockets.
01:11For all things money, visit Benzinga.com.
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