SpaceX conducted the 13th test flight of its Starship rocket on July 24 from Brownsville, Texas, marking the first launch since the company went public six weeks ago. The June 12 IPO raised approximately $75 billion at $135 per share, valuing SpaceX at $1.77 to $1.8 trillion, making it the largest IPO in history, surpassing Saudi Aramco’s 2019 offering. A launch attempt on July 16 had been cancelled due to engine problems, and SpaceX is using the test program to collect data for satellite deployment, crewed missions, and its stated Mars ambitions. Several crypto platforms have begun offering tokenized versions of SpaceX shares through projects including xStocks (trading under SPCXx) and PreStocks SPACEX.
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