AI Drives SpaceX IPO

SpaceX is moving closer to a potential initial public offering as Elon Musk pushes an ambitious plan to build solar-powered AI data centers in orbit, according to The Wall Street Journal. Company officials concluded that deploying thousands of satellites and the required computing infrastructure could cost tens of billions of dollars, making an IPO the fastest path to raise capital. SpaceX has reportedly begun discussions about selecting investment banks, and Musk has told associates he aims to complete an IPO as early as July. Investors also see a public listing as indirect support for Musk’s AI company, xAI, which SpaceX has already committed $2 billion to fund.