Blue Origin Rocket Explosion and SpaceX Cuts IPO Valuation to $1.8 Trillion
Blue Origin’s New Glenn rocket exploded during a Florida hotfire test, halting preparations for its fourth launch set to deploy Amazon’s Leo satellites. SpaceX cut its IPO goal to at least $1.8 trillion from over $2 trillion, while prediction markets assign a 78% chance it closes above $2 trillion at debut.
1. Blue Origin Rocket Explosion
Blue Origin’s New Glenn rocket exploded during a hotfire test at its Florida launchpad while preparing for its fourth mission to deploy Amazon’s Leo satellites, raising concerns over testing protocols and launch timelines.
2. SpaceX Reduces IPO Valuation Target
SpaceX has scaled back its initial public offering valuation target to at least $1.8 trillion from above $2 trillion, reflecting a more conservative approach ahead of its trading debut.
3. Prediction Markets Signal Strong IPO Performance
Prediction market contracts assign a 78% probability that SpaceX’s shares will close above $2 trillion on debut and a 15% chance of exceeding $2.8 trillion, indicating high investor optimism.
4. Governance Scrutiny and ETF Inflows
A Danish pension fund excluded SpaceX due to governance and overvaluation concerns, even as investors pour capital into space-themed ETFs like the Tema Space Innovators ETF, underscoring divergent investor strategies.
