Trillion dollar rocket man: Why Elon Musk’s SpaceX could come crashing back down to earth after its record-setting IPO

SpaceX shares surge after blockbuster IPO, ranks among top public companies

SpaceX raised $75 billion in the largest IPO ever (June 11, $135→$160.95 +19%, $2.3T market cap). Starlink's satellite internet transitions from venture-scale to infrastructure tier, creating a viable alternative to terrestrial fiber for enterprise telecom and logistics.