judging from SpaceX performance, I think the market can handle a couple more low float high valuation issuances

The public markets have floated multiple names up to $6tr marketcap/valuation

so the debuts at $1tr valuation from the private markets don’t mean anything

pre-IPO investors will just collar like they did SpaceX, nullifying any price volatility for them at the high share price, and giving them all the liquidity collateral they need for borrowing