NYSE:MPT 15 February 2026

July 2, 2026, 7:01 AM EDT. On America's 250th birthday, July 4, 2026, SpaceX delivered the biggest IPO ever, with the deal drawing lines to the Bank of the United States debut in 1791. Like in 1791, the SpaceX IPO was massively oversubscribed and speculation is running high, with some traders calling back to the old "scriptomania" episode. Alexander Hamilton had backed that early IPO to support the system, while Thomas Jefferson pushed back on what he called a gambling streak. The 1791 action used heavy leverage and shares went out at just a small slice of equity value-a pattern some see now in the run on leveraged ETFs after SpaceX hit the market. The old worry about a "moral certainty of gain" still haunts some investors, with talk turning to whether SpaceX's valuation is running too hot.