22 May 2026
This week brought news of the impending IPO of Elon Musk’s SpaceX. If it achieves its rumoured valuation of $1.75tn, it would be the seventh largest US listed company, worth more than Meta, Berkshire Hathaway and Walmart. The company remains loss making – more so since it merged with xAI – but much of its valuation is being pegged to…
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