The company plans to sell 555.56 million Class A
shares, pushing its fully diluted valuation to $1.77 trillion, second only to
Apple and Nvidia among U.S. firms.
Starlink fueled $18.7 billion in 2025 revenue and
Q1 2026 profitability, though heavy investments in Starship, AI data centers,
and xAI led to a $4.3 billion quarterly loss.
Elon Musk retains 82-85% voting power
through super-voting shares amid online buzz and concerns over risks like low
float and high spending.