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SpaceX vs. Aerospace and Defense Sector At a $2.5 trillion…

SpaceX vs. Aerospace and Defense Sector

At a $2.5 trillion market cap, SpaceX's now worth about as much as the 94 listed aerospace & defense companies combined.

Put another way: one company now makes up 50% of the entire $5.05 trillion listed aerospace & defense sector.

Is one company being half the sector a signal of where spaceflight is heading — or a fresh-IPO premium that won't hold?
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