One thing I do periodically is read the SEC filings of publicly traded companies that are about to go public. The SEC requires them to file an S-1, a comprehensive document that details everything about the company: financials, ownership percentages, risk factors, etc. With it, anyone considering buying shares when the company begins trading on a public stock market can make an informed decision.

SpaceX is planning to IPO next month, and this week, they filed their S-1. The rumor is that the company is aiming for a market cap (i.e., valuation) of between 1 and 2 trillion dollars, which would make it one of the largest publicly traded companies in the world. That’s a big number, and I’m curious to understand the company to figure out whether this valuation makes sense. So, my goal is to carve out some time to read the S-1.

If you’re interested in reading the S-1 yourself, you can find it on the SEC’s website here.