SpaceX’s $1.675 Trillion IPO Has a Water Problem
SpaceX is chasing a $1.675 trillion IPO while fighting federal regulators over industrial wastewater discharge in a South Texas wetland. The 422,000 gallons of water required per Starship launch is not an engineering footnote. It’s a regulatory bottleneck that could stall the launch frequency Starlink’s growth depends on, and most retail investors have no idea it exists.