"The big news this week concerns the decision by SpaceX founder Elon Musk to take the company public, via IPO, sometime within the next 12 to 18 months. Musk confirmed this after Ars published a story on Wednesday evening. This understandably raises questions about whether a future SpaceX will be committed more to AI data centers in space or Mars settlement."
"Avio will build solid rocket motors in Virginia. The governor of Virginia, Glenn Youngkin, announced Wednesday that Avio USA has selected his state to produce solid rocket motors for defense and commercial space propulsion purposes. Avio USA's investment, which will be up to $500 million, is supported by its Italian parent Avio. The company's factory will encompass 860,000 sq. feet."
Elon Musk plans to take SpaceX public via an IPO within the next 12 to 18 months. Musk confirmed the timeline after media reporting. The IPO prospect raises potential shifts in company priorities between orbital AI data centers and Mars settlement. Tom Mueller, a founding SpaceX engineer, said an IPO could benefit the company's Mars plans. Avio USA selected Virginia to produce solid rocket motors, committing up to $500 million with an 860,000-square-foot factory for defense and commercial propulsion. Orbex received far less funding than four other companies in ESA's European Launcher Challenge at a ministerial conference.
#spacex-ipo #mars-settlement #avio-solid-rocket-motors #orbex-funding #esa-european-launcher-challenge
Read at Ars Technica
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