"Elon Musk is reportedly looking to finally take SpaceX public after years of resistance, according to sources who spoke to The Wall Street Journal. The company has long said it wouldn't choose an IPO until it had established a presence on Mars. That isn't happening anytime soon. So why now? Company insiders have suggested it's because Musk wants to build AI data centers in space. Google recently announced it was looking into putting a data center in space, with test launches scheduled for 2027."
"Musk reportedly wants to beat his rival to the punch, but SpaceX would need the billions of dollars in capital that an IPO would deliver. Putting a giant center in space isn't cheap. Sources say that Musk wants to complete the IPO by July. SpaceX is reportedly expected to select banks to lead the stock offering in the near future. This is also being seen as an attempt to boost xAI, which trails behind rivals like OpenAI and Google in the AI race."
Elon Musk aims to take SpaceX public by July to raise the billions needed to build AI data centers in orbit. Musk intends to beat rivals like Google, which plans test launches for orbital data centers in 2027, and to channel infrastructure advantages to xAI. SpaceX plans to select banks to lead the offering in the near future. Blue Origin and other companies are also exploring orbital data centers, and OpenAI's leadership has considered partnering with or buying a rocket maker for similar purposes. Significant technical challenges include latency, heat dissipation, radiation, launch logistics, and in-space construction. SpaceX made an unspecified breakthrough last year related to these efforts.
Read at www.engadget.com
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