SpaceX's $2 Trillion IPO Hinges on Elon Musk's Vision for Rockets and AI
SpaceX is set to launch a nearly $2 trillion IPO, betting heavily on CEO Elon Musk’s vision of transforming the company into a major player in rockets, satellite internet via Starlink, space colonization, data centers in orbit, and artificial intelligence. The valuation hinges on future execution rather than current profitability as the firm reported an 8-fold increase in losses to $4.28 billion for Q1.