I read all 277 pages of SpaceX's IPO filing so you don't have to. Losses up 700%. Revenue decelerating. 107x price-to-sales multiple. It's a…

This post summarizes key financial metrics from SpaceX's hypothetical IPO filing, highlighting concerning metrics including a 700% increase in losses, decelerating revenue growth, and an extremely high 107x price-to-sales valuation multiple. The analysis suggests SpaceX would face significant valuation and profitability concerns if it went public at such multiples.

Source: Yann LeCun (X) | 2026-05-26