SpaceX's supersized starting valuation could limit future returns

SpaceX aims to raise $75 billion, in what could become the largest IPO in history, according to the data from Renaissance Capital. For Elon Musk, the SpaceX offering comes 16 years after Tesla went public in June 2010. In 2019, Saudi Aramco raised $25.6 billion in its IPO on the Saudi Exchange. The amount placed the oil giant as the most valuable company in the world. Now, seven years later, the rocket and AI company will break that record by raising roughly three times that amount. …