SpaceX is preparing for its U.S. stock market debut, an event portrayed by multiple outlets as potentially transformative for the company, markets, and Elon Musk’s personal fortune. Several reports also note that enthusiasm in the broader “rocket stocks” sector is weakening as the IPO deadline approaches, with some space-related shares slipping for a second day.

Coverage across outlets focuses on what the IPO could mean for different groups. The New York Times and other explainers describe how the offer works and what it could represent for banks, everyday investors, and Musk. Other reporting highlights that SpaceX wants a meaningful role for retail investors, including “mom-and-pop” participation.

While expectations for a large, headline-making valuation are widely cited, multiple sources also emphasize skepticism. Analysts and investors raise questions about whether lofty IPO assumptions translate into strong early returns, pointing to research showing that past “hot” IPOs often fail to outperform for buyers after the first day. Concerns also include the company’s profitability outlook and the risk of volatility, as well as uncertainty around whether SpaceX can meet ambitious “moonshot” expectations.