A blockbuster SpaceX IPO could create another trillion-dollar Musk company—while raising questions for Tesla investors and telecom firms.

Elon Musk fans and the man himself have long mused about Musk Inc, a merger of companies owned by the world's richest man. But with SpaceX expected to go public later ​this year, and Tesla facing a challenging transition from human-driven EVs to robotaxis and robots,

To unpack what SpaceX’s IPO chatter means, how private liquidity works before a debut, and what investors are looking for in today’s pre-IPO giants, we spoke with Greg Martin, managing director at Rainmaker Securities,

8. Elon Musk Brand as a Valuation Driver: The anticipated IPO valuation reflects investor confidence in Elon Musk’s ability to repeatedly disrupt and scale capital-intensive industries. SpaceX’s demonstrated achievements, more notably reusable rockets and Starlink’s rapid scale-up, underpin this belief, even as execution risks remain significant.