SpaceX’s $1.77 trillion IPO is set to become the largest in history this week, and, analysts say, among the most controversial. The IPO, which aims to raise $75 billion by selling 555 million shares at an offered price of $135 per share, starts trading on Friday, June 12, and will be listed on the NASDAQ under the ticker SPCX. Fortune’s Marco Quiroz-Gutierrez breaks down the bull case and the bear case for the stock.

Elon Musk has used 23 different banks to float his company, and the Financial Times points out that this has constrained each of those banks from publishing independent research about the company prior to its public launch. Morningstar, however, has published analysis of the company aaaand … the news isn’t good….