Your evaluation of an IPO is if it made random people rich over night?

1. no thats called gambling

2. if it made random people rich over night, it made random people also poorer. Either the retirement funds, a 401k investment, real humans etc. Money is not created out of thin air.

The largest IPO though for sure correct, but yes, Tesla and Space-X live quite a lot from Musk so its hard to determine what the IPO of Space-x really is.

Btw. its not just random Musk hate, you simpllify that. Not only doesn't he care that his DOGE actions killed humans and kids, he also disrupts democracy and might poisen our atmosphere with Space-X. The rationallity of people around Musk is very very weird.