[rchaud]

Regular IPOs usually have commitments from pension funds, mutual funds, private equity firms and other institutional investors secured in advance of going public. How many of those parties would be interested considering that SpaceX really only has one main customer whose business isn't guaranteed considering his political partisanship?

[NetMageSCW]

Their main customer is Starlink and it will continue to be cash printing machine.

Their second customer is the Federal government and SpaceX has a monopoly on cheap reliable fast launch services that will overcome most politics. Even EU companies and Amazon and OneWeb have been forced to use them because there is no better option.

[alterom]

Unfortunately, enough for many regular people to be screwed when that stock crashes.

[scottyah]

What do you base this on?