Space is not an ordinary, commercial, open market but a strategic domain tied directly to sovereignty, security and industrial policy.

Roughly 90% of the touted $28.5tn ‘market opportunity’ pertains not to space but to AI and adjacent data-centre services

Space is not an ordinary, commercial, open market but a strategic domain tied directly to sovereignty, security and industrial policy.

SpaceX’s long-awaited IPO sparks a global scramble, from ETFs to secondary markets, as investors seek indirect access and question its $1.75 trillion valuation.