SpaceX Blasts Off into Public Markets with Record-Breaking Valuation

SpaceX's highly anticipated IPO has finally taken off, raising $75 billion for the company and valuing it at nearly $1.8 trillion.

This massive deal dwarfs all previous US IPOs since 2000 in terms of valuation, even surpassing those of giants like Meta, Google, Hilton, Airbnb, DoorDash, Uber, Snowflake, and GM combined.

While this historic moment is being celebrated by investors and SpaceX fans alike, the market remains uncertain as oil prices fluctuate wildly due to ongoing tensions between the US and Iran.

The European Central Bank (ECB) has also announced a rate hike in an effort to combat rising inflation, but experts warn that this move may have limited impact on curbing inflation, which is largely driven by external factors such as energy price shocks.