Elon Musk's Secret Plan Has Leaked! (It's Worse Than We Thought)
About this episode
This episode deciphers Elon Musk's strategic plan, revealing the upcoming Initial Public Offering (IPO) of SpaceX, codenamed "Project Apex." Scheduled for June on NASDAQ, this IPO targets a record valuation of $1.5 to $2 trillion, aiming to raise $30 to $75 billion, significantly surpassing all previous records. The analysis highlights the recent merger of SpaceX with xAI, Musk's artificial intelligence company, on February 2, 2026, creating a conglomerate valued at $1.25 trillion. This strategic move allows for the consolidation of xAI's losses with Starlink's profits, thus presenting a globally profitable balance sheet to investors.
The episode explores Musk's immense ambition, which extends beyond business to reshape society through an empire encompassing rockets, satellites, AI, robotics, brain implants, and chip manufacturing. Despite political controversies and past failures, Musk continues to push the boundaries of what's possible, as evidenced by Neuralink's advancements and the "Terrafab" project for AI chip production. Investors will discover not only SpaceX's impressive figures but also its leader's long-term vision, which has allocated 30% of the IPO shares to retail investors.
This analysis offers a unique perspective on how Elon Musk, compared to Thomas Edison for his ability to lead technological revolutions from start to finish, is building an unprecedented empire. It details the financial implications of these strategic moves and invites viewers to understand the opportunities and risks associated with investing in such an ambitious conglomerate, while emphasizing the polarizing yet undeniably influential personality of its founder.
Top 3 insights to remember
Musk's plan encompasses robotics, AI, space, and brain-machine interfaces
Tesla is no longer just a car maker but an AI and robotics platform
Musk's growing political influence creates regulatory risks
10 key findings
SpaceX plans an Initial Public Offering (IPO) on NASDAQ in June, codenamed "Project Apex," targeting a valuation of $1.5 to $2 trillion and aiming to raise $30 to $75 billion.
Elon Musk has reserved 30% of SpaceX's IPO shares for retail investors, three times the norm for an operation of this scale, to allow his fans to participate.
SpaceX generated between $15 billion and $16 billion in revenue in 2025, primarily from Starlink, which boasts over 10 million subscribers, with estimated operating profits of $8 billion.
On February 2, 2026, SpaceX officially absorbed xAI, Musk's artificial intelligence company, in the largest private company merger in history, valuing the combined entity at $1.25 trillion ($1 trillion for SpaceX, $250 billion for xAI).
The SpaceX-xAI merger is driven by Musk's vision to deploy orbital data centers to power future AI computing demand, utilizing unlimited solar energy and natural space cooling.
This consolidation allows for a globally profitable balance sheet for the IPO, by offsetting xAI's losses ($2.5 billion over the last 6 months against $250 million in revenue) with Starlink's profits.
Neuralink has already implanted chips in the brains of 21 patients, enabling them to control computers by thought, and aims for 1000 implants by 2026 with automated surgery.
Musk announced the "Terrafab" project, a gigantic semiconductor factory in Austin, Texas, developed by Tesla, SpaceX, and xAI, to manufacture its own 2-nanometer AI chips, estimated to cost $20-25 billion.
Historically, Elon Musk has often achieved projects deemed "impossible" by analysts, such as landing boosters on a barge (2015) or electric cars (2008), reinforcing the credibility of his current ambitions.
Elon Musk controls his empire with 42% of the capital and 79% of voting rights, enabling him to lead technological revolutions from start to finish, much like Thomas Edison in the 19th century.
Explore more
The analyses presented reflect MoneyRadar's past positions and do not constitute investment advice.