Elon Musk’s space company SpaceX is heading toward the largest IPO in economic history — and a valuation that is remarkable even by the standards of the historically expensive US stock market. According to figures circulated so far, the accompanying banks are targeting a market capitalization of $1.75 to $2 trillion, with an issuance volume of up to $75 billion. Set against this is a 2025 annual revenue of around $15 to $16 billion — generated primarily from the Starlink satellite internet