SpaceX is days away from one of the most anticipated initial public offerings in stock market history.
The company is expected to price on June 11 and begin trading on June 12 at a valuation of approximately $1.75 trillion, which would make it the most valuable IPO ever completed
Before the roadshow closed, Elon Musk chose to make a specific argument about what kind of company investors are actually buying. It was not primarily about rockets or satellites. Musk used a 30-minute technical presentation to argue that SpaceX is building the infrastructure to solve the problem that every major AI company on Earth is currently struggling with: where to get the power to run the next generation of AI systems.
The answer he gave was orbit. What Musk said about SpaceX’s orbital AI data center plans Speaking in a video discussion released by SpaceX on June 8, Musk said building orbital AI data centers is not a difficult engineering challenge. “Part of what we want to convey here is that there is not some magic that is necessary, that doesn’t exist,” he said. “A lot of this is technology we’ve already made for the Starlink V3 satellites. We don’t think this is a super hard problem compared to the things we already do,” he added, according to More Elon Musk: Alongside the comments, SpaceX unveiled its first-generation orbital compute satellite, designated AI1.