00:00It's Benzinga bringing Wall Street to Main Street.
00:02SpaceX is set to debut at $135 per share this Friday in what is being called the biggest IPO
00:10in history, with options trading beginning Monday, according to Benzinga Pro. The company's
00:15prospectus touts a $28.5 trillion market opportunity built on AI, but its financials
00:21show a company that is primarily a satellite internet business. Starlink generated $11.4
00:28billion in revenue in 2025 with 36% operating margins, while launch services added $4 billion.
00:36The AI unit, XAI, posted $3.2 billion in revenue against a $6.4 billion operating loss. Goldman
00:45Sachs and a 21-bank syndicate drew over $150 billion in orders against the $75 billion offering.
00:51Vuk Vukovic, CIO of a NYC-based hedge fund, Oracle Capital, argued that SpaceX's massive
00:59market opportunity figures are a narrative tool to justify a 94-time sales valuation, not
01:05a credible forecast.
01:06For all things money, visit Benzinga.com.
01:08For the first time, we'll see our follow-up section on the website.
01:09We'll see the next webinar.編�도,
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