Nick Martell

For the lols.

But since it's confidential, besties, Jack and I can't jump in T-boy style to the S1 IPO document that bears it all.

But when that paperwork does come, it'll be the first S1 ever with a poop emoji, we're pretty sure.

Yes, it will, and we'll be covering it when we have it.

But we can tell you now that the company, SpaceX, includes a rocket launch monopoly and a very profitable space internet business.

Plus, Jack, it includes an incredibly unprofitable social network and an AI company, X and XAI.

And we do know a lot more about SpaceX based on the leaks from PFWTMs, people familiar with the matter, who have been reporting it to financial journalists for the last few years.

We know enough to tell you that this will be the biggest, most important, and most unusual IPO of all time.

Because it's literally based on constellations.

To sprinkle on some context, the richest man in the world wants his second IPO to be the biggest in Wall Street history.

Elon's reportedly trying to sell 75 billion bucks of brand new SpaceX stock on the NASDAQ stock exchange.

And he's going to offer 30% of the 100 million new SpaceX shares to retail investors.

Now, Jack, since you and I spent a few years working on Wall Street, can you sprinkle on some bank and context here, please?

When most companies IPO, they offer regular investors 10% max of the issuance.

They save the rest for the Wall Street insiders.

But Elon loves his retail army, so he's hooking them up with three times more than the normal IPO.

Jack, let's bring some more context into this thing.

$75 billion in stock raised, not the size of the company, just the amount of stock raised.

That is an unbelievably large amount for an IPO.

It is two and a half times bigger than the previous biggest IPO ever from Saudi Aramco.