SpaceX is launching a blockbuster IPO, already oversubscribed by billions as investors flock to Elon Musk’s space empire — betting on his track record despite shaky finances and wild ambitions. The company’s soaring valuation hinges on executing jaw-dropping feats: fully reusable rockets, a domestic chip factory, and a satellite assembly line — all while secretly building orbital AI data centers. Analysts are pricing in massive upside based on Musk’s vision, even as details of their AI strategy remain murky. They’re already partnering with giants like Google and Anthropic to sell computing power, raising questions about their long-term AI play. Public investors are essentially wagering on a future where SpaceX dominates space access, global connectivity, and the next wave of AI infrastructure — a bold, high-stakes gamble on whether Musk can turn science fiction into reality.
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