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SpaceX IPO fallout and earnings debut

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Latest: SpaceX Q2 revenue surges 92% as Starlink profits rise and AI spending spikes

SpaceX’s June 2026 IPO raised about $85.7 billion, briefly valuing the firm above $2 trillion before the share price fell more than 50 % to roughly $108‑$110, erasing $1‑$1.5 trillion of market capitalisation. Elon Musk