"It also comes one day after Bloomberg reported that SpaceX was aiming for a valuation of $1.5 trillion, adding that it wanted to raise $30 billion. Musk has been transparent for most of the year that he wanted to try to figure out a way to get Tesla shareholders to invest in SpaceX, giving them access to the stock. He has also recognized the issues of having a public stock, like litigation exposure, quarterly reporting pressures, and other inconveniences."
"Berger believes the IPO would help support the need for $30 billion or more in capital needed to fund AI integration projects, such as space-based data centers and lunar satellite factories. Musk confirmed recently that SpaceX "will be doing" data centers in orbit. AI appears to be a "key part" of SpaceX getting to Musk, Berger also wrote. When writing about whether or not Optimus is a viable project and product for the company, he says that none of that matters."
Elon Musk confirmed via X that a SpaceX initial public offering is forthcoming. SpaceX aimed for a $1.5 trillion valuation and sought to raise about $30 billion. Musk has sought ways for Tesla shareholders to gain access to SpaceX shares. He has acknowledged legal exposure, quarterly reporting pressures, and other inconveniences associated with public stock. The IPO would support the need for $30 billion or more in capital to fund AI integration projects, including space-based data centers and lunar satellite factories. Musk confirmed plans for orbital data centers. AI integration is a central component of those expansion plans. The timing of the IPO remains unspecified.
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