Everyone is afraid that SpaceX will “suck the life” out of the U.S. stock market, but history has already answered this question. Today, SPCX has gone public: a $75 billion financing, a $1.75 trillion valuation, the largest IPO in history. I scrolled through comments all day, and there was only one kind of panic: with such a huge market cap coming in, will U.S. stock market liquidity be drained? I looked back through history. In December 2019, Saudi Aramco went public, with 294 billion, then the world’s largest IPO. After that, S&P

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