The SpaceX S-1 is finally here, and the story it tells goes way further than rockets. The filing runs to 36 pages of risk factors alone, and the numbers inside match the ambition: a $28 trillion total addressable market, a pay package tied to establishing a Mars colony, and a valuation target that would make it the largest IPO in American history. 

Watch as Equity podcast hosts Kirsten Korosec, Anthony Ha, and Sean O’Kane dig into what the filing actually says, what it leaves out, and whether any of this math connects to reality. The team also covers NanoCo turning down a $20M buyout to raise a $12M seed for its secure Nano Claw alternative, Anthropic’s $300M acquisition of SDK startup Stainless, and the Google I/O announcement that promises to change search as we know it. 

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.