- SpaceX’s IPO surge briefly pushed its market cap past Amazon and Microsoft, sending Elon Musk’s net worth to about $1.27 trillion.
- A retail-led frenzy — $225M in two days, a tiny float (~4%), and heavy options trading — has given the stock a memestock-style lift and big short‑squeeze potential.
- Despite $18.7B revenue and large losses, SpaceX is buying AI assets like Cursor and projecting huge growth, prompting both bullish excitement and skeptical warnings about an overhyped valuation.
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