SpaceSeeking Alphaabout 3 hours ago
The xAI Trojan Horse Inside SpaceX's IPO
1 min read
SpaceX's IPO raised $75 billion at a $1.75 trillion valuation, now repriced to roughly $2.1 trillion. The company is now a conglomerate with launch, Starlink, and a high-burn AI segment. IPO proceeds will repay legacy xAI debt and fund aggressive AI capex, diluting the pure space moat.
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