The record SpaceX listing made space a hot investment, and Brazil hopes private money will finally reach a sector long starved of all but state funds.
Key Facts
—The trigger. SpaceX listed on June 12 in the largest IPO ever, raising about $75bn.
—The value. The listing valued the company at roughly 1.8 trillion dollars.
—The gap. Brazil’s public space budget was about R$170m ($33m) in 2024.
—The demand. Private demand for space services already tops R$800m ($154m) a year.
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