What Happened
Elon Musk-Led Company Prepares For Historic IPO
Space stocks are surging as SpaceX prepares for its initial public offering, with the company recently filing paperwork for a potential $2 trillion valuation. The Elon Musk-led company’s Starship rocket launch has also generated excitement, with the massive reusable rocket expected to drive down vehicle-launch costs. Several space companies, including Redwire and Momentus, have seen significant stock gains amid the news. The development was first reported by MarketWatch.