Last week’s explosion of a New Glenn rocket at Cape Canaveral, Florida, was clearly a setback for Blue Origin and NASA, but it was a learning experience for safety officials looking to open up the spaceport to hundreds more launches per year.

SpaceX launched its biggest, most powerful Starship yet on a test flight that saw it eventually crash down into the Indian Ocean as planned.

For weeks, the debate around SpaceX's (SPCX) upcoming IPO has centered on a simple question: How can a company worth nearly $2 trillion be losing so much money? The skepticism wasn't difficult to understand.

SpaceX on track for largest IPO ever

SpaceX plans to go public this month with an offering that could raise up to $75 billion, setting up what would be the largest stock market debut on record and intensifying focus on Elon Musk’s growing fortune.

Quick ReadMorningstar pegs SpaceX's fair value at $780 billion, less than half the $1.75 trillion IPO target, with a price-to-sales multiple already above 67x.Goldman Sachs projects SpaceX's AI revenues to surge 100x to $322 billion by 2030,