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Elon Musk's SpaceX is set to launch an IPO valued at $1.5 trillion later this year, following a merger with his xAI business. Critics argue the valuation may be inflated, but SpaceX's advancements in low-cost rockets and the Starlink internet system position it as a significant player in the emerging space economy. While the company has yet to turn a profit, its potential for investment remains strong, drawing comparisons to the early success of Tesla, which has seen its value soar since its IPO.