As rumors swirl about a SpaceX IPO, Elon Musk's rocket ship company makes an even bigger move.

If Musk succeeds in taking SpaceX public this year, it will likely sell about 10% of its equity in the IPO, raising $125 billion. That figure would handily exceed Saudi Aramco’s IPO proceeds of $29.4 billion, the largest global IPO ever, and Alibaba’s IPO proceeds of $21.8 billion, still the largest ever in the US since its 2014 debut.

Cathie Wood's flagship venture fund has realigned its heaviest bets following a record-breaking merger between Elon Musk's aerospace giant and his artificial intelligence startup. A Trillion-Dollar Integration The ARK Venture Fund (ARKVX) has confirmed that SpaceX and xAI have merged in a “transformative deal” that values the combined entity at $1.

Various analysis of the cost of AI Data Centers in space describe crossover points for AI data centers in space as $500/kg in launch or $250/kg in launch.

Musk said getting all that AI and solar capacity in space will require about 10,000 launches a year—or a launch in less than an hour every day.

SpaceX bought xAI and is tying the deal to AI data centers in space. A proposed 1 million satellite constellation would support solar-powered orbital compute, but regulators and execution risks will decide how real it gets.

Elon Musk confirms SpaceX isn't making a phone, but a mobile AI device with Starlink connectivity and neural networks might be on the works.

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