Remember that company that everyone with a NASDAQ index fund is about to be forced to buy?

The initial numbers are out and they aren't pretty. Joe Wilkins writing for Futurism:Elon Musk has just pulled back the curtain on the biggest public stock offering in history, and the numbers are ghastly. SpaceX, which is expected to go public on Nasdaq in June, just released the first round of financial summaries all companies are required to share when they’re about to sell stock to the public for the first time. The documents reveal Musk is targeting a raise of at least $80 billion — for a proposed valuation of $1.75 trillion — which would immediately make the rocket company one of the top 10 most valuable conglomerates in the US, Axios calculated. With that kind of valuation in mind, one might expect SpaceX to be massively profitable going into its debut — but that’d be dead wrong. According to the financial statement, the company lost $4.9 billion in 2025, even though it brought in around $18.7 billion in revenue. It’s not like that situation is about to turn around in time for…