Framing Analysis
SpaceX launched its first V3 Starship prototype on Friday last week, deploying mock satellites and achieving a controlled upper-stage splashdown in the Indian Ocean while the booster tumbled into the Gulf of Mexico. The company has invested more than $15 billion across twelve tests since 2023. Reports place a potential SpaceX IPO at $1.75 trillion and Elon Musk's net worth above $700 billion, with prediction markets assigning high probability of trillionaire status before 2028.