AIThe Motley Foolabout 4 hours ago
SpaceX plans $75B IPO, targets Nokia AI acquisition
1 min read
SpaceX prices IPO at $135 per share for 555.6 million shares, raising $75 billion. The offering funds Nvidia chip procurement and Terafab fabrication. SpaceX acquired xAI to consolidate AI development and is evaluating Cursor for developer tools. The company targets Nokia to expand its end-to-end AI platform with control over radio access networking infrastructure.
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