SpaceX’s record IPO is helping spur a new wave of startups aiming for orbit and opening a vast new market beyond Earth

SpaceX’s $85.7 billion IPO has accelerated investment in the space industry, with global funding for space startups reaching $7.95 billion in Q1, double the previous quarter. The IPO is spurring a surge in space-related startups, including companies developing expandable solar panels for space and lunar hotels, as investors like Shakti VC increase their space technology portfolios.