The coming IPO for SpaceX matters less for its gargantuan size than because it marks a dramatic change in the tech sphere. The IPO has the potential to make SpaceX one of the world’s most valuable companies, given suggestions that the listing could raise $80 billion in funding. This is far higher than the $26 billion raised by the world’s most profitable company, Saudi Aramco, in 2019. More significantly, however, after decades in which software has ruled America’s stock market, the SpaceX IPO represents a step toward a new age where the most valuable tech companies are centered around space. This signals a broader shift in investor confidence away from purely digital platforms and toward physical, infrastructure-heavy innovation.
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