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SpaceX is preparing for the biggest initial public offering in history, one that could reshape markets. What began as a rocket company is now a gargantuan bet on satellites, artificial intelligence, orbital infrastructure and Mars.
With a projected valuation approaching $2 trillion, the company run by Elon Musk is already the new tech darling of Wall Street. But as investors rush to absorb SpaceX into their portfolios and retirement funds, Musk’s promises raise thorny questions about risk, market concentration and hype.
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