A $60B tech acquisition marks the aggressive start of SpaceX’s post-IPO capital strategy. Space Exploration Technologies Corp. — more commonly known as SpaceX — is not letting proceeds from the largest initial public offering in history sit on the launchpad, and piquing the Street’s curiosity on its cash management strategy. The day after its IPO trades settled, the company, which added approximately $75 billion to its roughly $15.85 billion pre-IPO cash position, announced plans to acquire AI