Reports suggest SpaceX plans to IPO in 2026 with a potential $1.5 trillion valuation. This capitalization could be trouble for competitors like Rocket Lab, especially with rumors that SpaceX is raising $50 billion in new cash. The report also highlights Starlink's growth in the direct-to-cell market, boasting 650 satellites and 12 million users. This puts them significantly ahead of AST SpaceMobile, which has 6 satellites and hasn't started beta yet. Starlink is also building out backhaul infrastructure, moving into territory usually dominated by AT&T and Verizon.