What Happened
Elon Musk's Space Venture Eyes Historic Public Offering
SpaceX has set the terms for its highly anticipated initial public offering, with shares to be offered at $135 and a target raise of $75 billion. The company, led by Elon Musk, will be valued at $1.75 trillion, making it one of the largest IPOs in history. The Starship rocket, a key component of SpaceX’s business, is expected to lower the cost of reaching orbit, potentially making AI data centers in space cost-competitive with terrestrial computing. This development was reported by Barron’s.