Bloomberg - Elon Musk is racing toward a SpaceX IPO and may beat AI rivals Anthropic and OpenAI to the public markets as early as this summer. Leaning on the AI boom, it could be his most audacious product launch yet.
- SpaceX may be valued at around $2 trillion (or perhaps even more), roughly five times what the company was worth last year, which already struck some as rich.
- Starlink, its satellite internet service, is growing, but faces questions in both established markets and the developing world.
- The other major revenue source is the US government, a relationship that carries political risks, and Musk’s ties with Trump have been, well, a bit choppy.
- None of this is to say that Musk’s pitch for the SpaceX IPO will fall flat: Musk’s hype machine may prove stronger than investor caution.
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