SpaceX’s latest Starship test flight was scrubbed due to engine issues—but that’s par for the course when chasing space innovation. The real challenge? Scaling up once Starship succeeds. Morgan Stanley forecasts SpaceX will need hundreds of billions to dominate launches, fuel Starlink, and build data centers, burning billions annually until 2035. With rising interest rates, funding via debt or stock dilution could strain investors. The tech’s dazzling, but the financial runway is the true test.

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