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SpaceX's IPO could supercharge the entire space industry
SpaceX's (SPAX.PVT) IPO filing last week set the stage for what could be the largest IPO in history at a target valuation north of $2 trillion. It could also provide a big boost beyond Elon Musk's own rocket company.
Shares of Rocket Lab (RKLB) surged roughly 10%; Planet Labs (PL) jumped more than 10%, and AST SpaceMobile (ASTS) climbed even more on the news. The market's reaction provided something of a confirmation that a SpaceX public listing won't just benefit SpaceX shareholders.
It could change how the investment world views, and now re-rates, the entire space sector.
Silicon Valley’s past could provide insight for the nascent space industry’s future.
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