SpaceX IPO is launching the space economy — ride the satellite and defense supplier rally
SpaceX is about to launch the largest IPO in history at a $1.8 trillion valuation, and demand from big investors is already overwhelming the available shares. Elon Musk is pitching the company as the future hub for AI computing in space.
Idea
Historically, when a massive company goes public, it creates a wave of excitement that lifts companies in the same industry. Because SpaceX is raising a staggering $75 billion and people are pouring money into the 'space economy,' investors are likely to start looking around for other ways to play the trend. Established defense and space infrastructure companies like Lockheed Martin and Boeing, as well as pure-play space stocks like Redwire, could see a significant boost as 'picks and shovels' beneficiaries of the hype.