06/02/2026
One More Thing About LEO Satellite Internet Nobody Is Talking About Yet β Part 1
We saved this one for last because after five weeks of ozone science and satellite collision clocks, you deserved something that feels a little closer to home. This one is about money. Specifically β Wall Street's money. And what happens when Wall Street shows up to your internet bill.
π THE COMPANY BEHIND THE LARGEST LEO CONSTELLATION IS GOING PUBLIC
In December 2025, Elon Musk confirmed what the financial world had been speculating for months β SpaceX is planning an IPO, likely in mid-2026. The target valuation is between $1.5 and $1.75 trillion dollars. If it happens at that size it would be the largest public stock offering in the history of financial markets.
This is not speculation. Musk confirmed it himself, and prediction markets currently show an 81% probability of an announcement before August 2026.
π Sources: Elon Musk IPO confirmation, X β December 10, 2025 | Motley Fool: SpaceX IPO Analysis β fool.com | Morningstar: SpaceX Valuation Analysis β morningstar.com
π° HERE'S WHY THAT MATTERS TO YOU PERSONALLY
Right now, over 70% of SpaceX's revenue comes from its satellite internet service. The moment SpaceX goes public, it stops being a privately funded space mission and becomes a publicly traded internet service provider β answerable to Wall Street shareholders every single quarter.
When that happens, the incentives change. Private capital can play a long game. Public shareholders play a different game β it's called the quarterly earnings call, and the only score that matters is the one they report every 90 days.
Next week we'll talk about what history tells us happens when internet companies answer to Wall Street. But this week: understand that the introductory pricing, the free hardware, the "unlimited" promises β all of that was funded by private money willing to wait. That's about to change.
See you next week.
β Steven Grabiel
Higher Speed Internet | East Mountains, New Mexico | Since 2000
"Believe in Jesus Christ as your King, Lord and Savior and repent of your sins."