Elon Musk's SpaceX plans $1.75T US IPO after xAI merger
SpaceX, with Elon Musk involved, is aiming for a record-breaking $1.75 trillion IPO in the US potentially becoming the biggest stock market debut ever.
This move follows a merger between SpaceX and Musk's AI company xAI, signaling big plans to blend space tech and artificial intelligence.
Starlink's 9 million subscribers drive valuation
Starlink, SpaceX's satellite internet service with nine million subscribers, is a huge reason for the sky-high valuation.
The IPO also hints at launching up to 1 million solar-powered satellites to set up AI data centers in orbit, an ambitious step toward solving Earth's energy challenges by moving computing power into space.
SpaceX faces scrutiny, former-employee lawsuits
The IPO arrives while SpaceX faces scrutiny over its business practices and lawsuits from former employees.
Still, the company could shake up both tech and space industries.