Austin Wang

Investor at Meritech Capital

[Austin Wang @ausw2000]

SpaceX is poised to be the largest IPO in history. Meritech breaks down the key metrics, insights and drivers from the filing here: https://t.co/2qcL91yzBt

[Alex Clayton @afc]

SpaceX filed its S-1 last week, and my partner @ausw2000 read all 318 pages (and made all the charts) so you don’t have to. The result: three businesses in one — Space, Connectivity (Starlink), and AI. AI is set to become the largest revenue segment within a year.

The company did $18.7B in FY25 revenue, up 33% YoY, and is reportedly expecting a $1.75T valuation that would make it a top-10 company globally.