SpaceX's IPO Will Test Whether Investors Will Pay Up for Capital-Heavy Tech in Today's Rate Environment

SpaceX filed to go public on Nasdaq. The company runs two different businesses: costly satellite launches and Starlink, a subscription broadband service. Wall Street sees this IPO as a real test of appetite for long-term, expensive businesses when borrowing costs are high. How it fares matters for the entire pipeline of tech IPOs waiting to list.