
Bezos Once Predicted a Space Boom. Now SpaceX Faces a $1.8 Trillion IPO Moment

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SpaceX is approaching its anticipated IPO with a valuation target of at least $1.8 trillion, down from earlier estimates over $2 trillion. The company filed for the offering, reporting Q1 revenue of $4.69 billion but an operating loss of $1.94 billion, driven by significant losses in its AI division despite Starlink's profitability. Elon Musk intends to retain 85.1% of voting power. Meanwhile, rival Blue Origin faced a rocket test explosion, highlighting execution risks in the space sector as investor sentiment shifts ahead of SpaceX's public listing.
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