BS Summary: This article contains 15 faulty reasoning types, including Optimism Bias, Framing Effect, and Confirmation Bias, with Biased Writer Voice as the most egregious example at 33.2% saturation with 120 hits. Analysis detected 628 faulty-reasoning hits from 361 analyzed words, generating a BS Score of 57.6% and a BS Rank of 63% (8,275 of 21,887 articles). This article is worse (more manipulative) than 62.20% of the article peer group.
Elon Musk is all about big numbers — millions, billions, even trillions – and there are plenty of them associated with SpaceX and Musk’s plans to take the rocket maker public.
The prospectus for the SpaceX stock debut shows spending at a massive scale — greater than the economic output of some countries — and about to grow much larger as Musk races to make good on his promise to hurl people to distant planets.
Money to be raised in the initial public offering — estimated at $75 billion — will help finance those futuristic, fantastical plans.
Assuming the IPO goes off without a hitch, it will rank as the largest ever.
It also could make Musk, a major SpaceX owner and already the world’s richest man, the first trillionaire.
A look at the lofty numbers behind Musk’s outsized ambitions.
$1.77 trillion
This would be SpaceX’s market value if the shares it’s selling to the public trade at the offering price of $135 each.
With the amount of interest SpaceX is drawing among investors, the price could easily go higher on Day One.
Nvidia, a maker of computer chips, is now the world’s most valuable public company at around $4.9 trillion.
A value of $1.77 trillion would put SpaceX equal with Broadcom at No. 6 on the most valuable list, based on Wednesday close of trading.
$75 billion
The proceeds SpaceX will reap from selling 555,555,555 shares at $135 each in the IPO, more than double the previous record IPO haul of $26 billion by the Saudi oil giant Aramco back in 2019.
100,000
That’s the number of next-generation Starlink satellites Musk says SpaceX aims to put into orbit.
Starlink currently has about 9,600 satellites in space.
By comparison UPS says it has 135,000 delivery vehicles — including motorcycles — in its fleet.
82.4%
The voting power Musk will hold at SpaceX by virtue of his owning more than 90% of the company’s Class B shares, which give the holder 10 votes for every share held.
He also owns a 12.3% stake in the Class A shares, which carry one vote apiece.
Analysis
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