Elon Musk's SpaceX raised close to $86B (£64B) in June, the largest initial public offering (IPO) ever completed. The first thing that listing did to Jeff Bezos was make his own rocket company worth $130B (£97B). Blue Origin priced its first outside funding round in 26 years three weeks later, and investors reached that number by looking at what public markets had just paid for SpaceX.
Everything since has gone the other way. SpaceX stock trades on the Nasdaq under the ticker SPCX, and on 28 July it hit an all-time low of $107.01 (£80). That sits well under the $135 (£101) it floated at seven weeks earlier. The $130B attached to Blue Origin has not moved a cent.
