The wait is over.
Space Exploration Technologies (SpaceX) (NASDAQ: SPCX) stock finally made its public debut in the largest IPO in history
Right off the bat, the space and AI conglomerate is one of the 10 largest companies on Earth and bigger than Elon Musk’s other mega-cap, Tesla. With all the hoopla, you’re probably asking yourself: Should I buy in? Let’s take a look.
What SpaceX actually does (and what makes money) The best part of SpaceX is Starlink, the space-based internet provider. The business made nearly $12 billion of SpaceX’s total $18.7 billion in revenue last year. It’s a cash machine at this point, with nearly 40% operating margins.