SpaceX is not just going public. It is trying to make the market believe that the future of AI will not be decided by a chatbot, but by whoever owns the infrastructure behind it.
According to Bloomberg, SpaceX is now targeting an IPO valuation of at least $1.8 trillion. That is lower than the earlier expectation of more than $2 trillion, but let’s stay sharp: this is still a valuation at the level of the biggest companies in the world.
SpaceX may want to raise up to $75 billion. The story is no longer just rockets or Starlink. The story is being made much bigger: satellites, space infrastructure, AI, data centers, connectivity, and maybe even compute beyond Earth.
That is where the real shift suddenly appears.
The drop from $2 trillion to $1.8 trillion sounds cautious, but psychologically it is mainly a new anchor. Suddenly $1.8 trillion feels less absurd, while investors are still being asked to buy into a future that is extremely expensive and not yet fully proven.
So this becomes more than an IPO. It becomes a test for the entire AI market.
Do investors believe AI will be won by software, or by whoever controls the physical layer beneath intelligence?
Comments
Log in or sign up to join the conversation.