Ahead of a historic IPO, SpaceX dominates the global aerospace industry with its reusable rockets and global constellation of internet satellites through Starlink. The anticipation ahead of Friday’s public offering is reaching a fever pitch as the stock market sees mass sell-off of other stocks, and as analysts speculate how many will purchase the company’s anticipated 555.6 million shares.
What’s notable about that anticipation is who is doing that speculation in the first place. As the company made headlines for barring investors from Hong Kong and China from partaking—a rare move for a company trying to maximize liquidity—China’s emerging commercial space firms are similarly preparing IPOs that signal the country is competing with SpaceX and Starlink long-term, according to analysts and company filings.
