"Elon Musk's rocketship-AI company SpaceX is expected to go public on June 12, and when it does, the richest man in the world hopes investors will help him raise $75 billion, valuing the business at somewhere between $1.75 trillion and $2 trillion. If those numbers sound insane to you, consider this: With the debut of SpaceX on the NASDAQ, Musk - currently worth an estimated $811 billion - will very likely become the first trillionaire in history. (He also essentially can't be fired.) Some investors think this sounds like a great idea. Others are more skeptical."
"If you're confused about exactly what SpaceX does, that's probably because the company's primary purpose has changed several times. Originally, it was all about getting people to Mars. "The most powerful thing we could do is establish a second, self-sustaining civilization outside of Earth," Musk said in 2003. "And the only place that's really feasible is Mars." Now, SpaceX is planning to build a "self-growing city on the moon," and thanks to a February merger between SpaceX and Musk's artificial-intelligence start-up xAI, the company is also a satellite internet business for consumers, through Starlink; a defense-satellite business, through Starshield; an AI company, through xAI; and a social-media platform by way of X."
"Commenting on the shifting priorities, Musk explained in February that he's "worried that a natural or man-made catastrophe stops the resupply ships coming from Earth, causing the colony to die out." He added: "We can make the mo"
SpaceX is expected to go public on June 12, with hopes of raising $75 billion and valuing the company between $1.75 trillion and $2 trillion. The scale of the valuation is viewed as extraordinary, and some investors question whether it makes sense while others believe Musk can persuade markets. SpaceX’s mission has shifted from establishing a Mars-based civilization to building a self-growing city on the moon. The company also operates consumer satellite internet through Starlink, defense satellites through Starshield, and an AI business through xAI, including Grok. Musk also connects the effort to X, acquired in 2022 and renamed. Musk cites concerns about resupply disruptions that could cause a colony to die out.
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