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Story summary
- SpaceX stock trades near $137, reflecting volatility since its June 2026 Nasdaq IPO.
- The June 2026 IPO was the largest Nasdaq offering ever recorded.
- SpaceX’s market capitalization equals roughly $1.9 trillion based on listed shares.
- Reusable rockets lower launch costs and enable Starship plans for space-based data centers.
- Morgan Stanley projects free cash flow only after 2035, while the stock trades above 40× price-to-sales.
