What Happened
Transforming Space Industry Into Supercharged Startup Market
SpaceX’s blockbuster IPO has not only turned the company into one of the world’s most valuable businesses but is also helping transform the space industry into a supercharged startup market. The company raised about $85.7 billion in its June initial public offering, and since then, shares have fallen to $110. The IPO has already changed conversations with investors, with many now considering space as a less risky domain. Startups like Beyond Reach Labs and Galactic Resource Utilization Space are emerging, and experts predict that the next decade in space will be full of startups. This trend was first reported by Fortune.