SpaceX is inviting investors to bet on Elon Musk's vision of AI data centres in space and humans on Mars.
It's gamble that comes with limited voting rights, restricted ability to sue, and a business that is currently losing billions of dollars a year.
Musk's celebrity and his track record turning Tesla and SpaceX into global giants have earned him a reputation as the man who sees where technology is heading, and builds a world-class business from it.
The sky-high valuation for SpaceX, nearly $1.8 trillion, is based on the idea that his legendary run will continue and that Musk can achieve his goal of data centres in space and putting people on Mars.
But nothing at the core of the business as it stands today lines up with that valuation, with the company growing fast but losing money.
