What Happened
Starship Launch Fuels Industry Rally Ahead Of Record-Breaking IPO
SpaceX has released its prospectus ahead of its highly-anticipated IPO, which is expected to be the largest in history with a $1.75 trillion valuation. The company conducted its 12th Starship flight test, which included a planned explosion during splashdown. Space stocks have rallied, led by Redwire and Momentus, as investors anticipate the IPO. According to Investor’s Business Daily, the space industry is experiencing a surge in interest and investment, with SpaceX at the forefront.