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Axios
Axios
Business

The SpaceX IPO is already upending the stock market

SpaceX SP IPO Stock Market Jay Ritter

Elon Musk's $1 trillion-plus SpaceX isn't a public company yet, but its size and ambitions are already upending the stock market and sparking questions over the power and influence wielded by such behemoths.

Why it matters: The IPO, expected next month, would signal the start of a new AI era for the public markets, potentially valuing SpaceX as much as $2 trillion.

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