The SpaceX IPO Has a Bright Side

Summary

Without question, SpaceX has created something of great value for society. Its space business has developed reusable rockets that are made economically, which is why the company is now the second-largest contractor for NASA. Starlink has made the internet accessible around the world for millions who otherwise would be disconnected. Future fruits of those innovations will flow directly to anyone who invests in the overall U.S. equity market.