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In space, no one can hear your bear case. On Tuesday, the banks behind last month’s gargantuan SpaceX IPO exited the post-listing liminal space ready to tell the world what they really think of Elon Musk’s unwieldy tech conglomerate. Some of them seemed to be channeling Gene Roddenberry.
With lips no longer sealed after the “quiet period,” analysts from Wall Street’s biggest firms became some of the most bullish voices in the SpaceX coverage choir. Analysts from Deutsche Bank, one of the IPO’s many underwriters, boldly went so far as to proclaim SpaceX “the apex of civilizational ambition…







