The $1.75T SpaceX IPO Trap: xAI's Hidden Debt, Orbital Data, and Your Retirement Fund
The greatest transfer of wealth and power isn't happening in a bank—it is happening in low Earth orbit.
In this episode, we dissect the hidden architecture inside SpaceX's unprecedented $1.75 trillion IPO slated for this summer. We break down the complex financial engineering, including a "triangular merger" designed to absorb xAI while legally burying $12 billion in toxic debt from the Twitter acquisition so it doesn't touch the main balance sheet.
We also explore the physical realities of the ongoing AI arms race. Facing a terrestrial energy crisis, SpaceX is planning a network of 1 million…
The skinny
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