If you have been following the news, you probably know that SpaceX will soon promote an Initial Public Offering (IPO) - a sale of its stock to the public. This stock offering will possibly end up making Elon Musk (pictured) the world's first trillionaire. As the BBC tells us, in the article I have linked in the first line of this blog posting, "SpaceX makes rockets, offers a satellite internet service called Starlink, and also owns Musk's controversial artificial intelligence (AI) firm xAI. The initial public offering (IPO) on the US stock market is set to be the largest in Wall Street history and could start next month under the ticker symbol SPCX."
Naturally, the BBC is not alone in covering this news. The Saturday-Sunday, May 23-24, 2026, edition of The Wall Street Journal had a couple of articles on the SpaceX IPO. Ben Cohen wrote a column titled, "SpaceX’s Ambitions Are Intergalactic. Its Business Is Selling You Internet." Corrie Driebusch's article appeared under this headline: "SpaceX Is Aiming for Civilization on Mars. Its IPO Couldn’t Be More Old School." Both of these are worth reading, and I think that clicking on the links will get you to them. Here is an excerpt from Cohen's column that caught my attention (emphasis added):
SpaceX consists of three segments: space, AI and connectivity, which is primarily driven by Starlink. Last year, the Starlink division was responsible for $11 billion of revenue, which amounted to more than 60% of the company’s total sales. It was the most valuable part of the business—and the only profitable one. And for years, it has been absolutely essential to the success of SpaceX. As it turns out, even companies that defy the laws of gravity are bound by the laws of economics.
The mysterious finances of Musk’s company were detailed this week in SpaceX’s IPO filing, which is far more bonkers than financial paperwork has any right to be.
The highlights include the company describing itself as “the most ambitious, vertically integrated innovation engine on (and off) Earth,” claiming a total addressable market of $29 trillion, revealing that Musk’s pay package is tied to “the establishment of a permanent human colony on Mars with at least one million inhabitants” and declaring: “We do not want humans to have the same fate as dinosaurs.”
Now, when I say that the report above "caught my attention," I am somewhat understating my reaction. First, Musk, apparently, thinks that it's actually going to be possible to transport a "human colony" to Mars - a "colony" with "at least one million inhabitants." Remember how much time, effort, and money it took to put a couple of guys on the Moon? A million on Mars? Wow! That's a truly different thing, indeed.
But check out the last line I have quoted. Musk doesn't "want humans to have the same fate as dinosaurs." We do remember what happened to the dinosaurs, right? They all died, as conditions on Earth changed to make the planet incapable of supporting their life, going forward.
So.... it looks like Musk believes that this is what's going to happen in the relatively near term (within Musk's lifetime) with respect to human beings. Humans are either going to die out here on Earth, or they are going to have to migrate to Mars, to avoid extinction. As a personal note, Mars does not seem very hospitable, or a nice place to live, at least to me (witness the photo below).
My suggestion? Let's forget about putting our money into a company that is betting against the continued ability of human beings to live on Planet Earth, and start investing our money on keeping Earth habitable. Wouldn't it make more sense to use our financial resources to fight off global warming, and to bring peace to the world (eliminating the possibility of a global nuclear war), instead of betting on some whacked-out potential trillionaire's dream that he, and a million or so pals, can all scoot off to Mars, avoiding the extinction of human life on this planet?
Check out the pictorial comparison below. Don't you agree that sticking with Earth is the better bet?
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| Earth |
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| Mars |
Image Credits:
(3) - https://www.scientificamerican.com/podcast/episode/mars-lander-will-peer-inside-the-red-planet/















