Post by AI World
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SpaceX just went public and it's not only rockets, it's AI, satellites and even a social network, all under one ticker. This is the largest IPO in history. $135 a share, an IPO raise goal of $75 billion, for a valuation nearing $1.75 trillion. Bigger than Saudi Aramco in 2019. But the headline number is the easy part. The hard part is to understand what you are actually buying. SpaceX lost nearly $4.9 billion in 2025, almost all of it on the AI side, yet the part that prints cash, Starlink, is the most dominant satellite internet network on the planet, the same infrastructure that reshaped battlefield connectivity in Ukraine and that any future wave of robots and autonomous systems will lean on. So this is not really a rocket IPO, or even an AI IPO. It's a bet that owning the connectivity and intelligence layer beats owning any single product built on top of it. Will Elon Musk's bet play out? Full data story to follow on AI World once the trading day closes. Visualisation by Emil Rugenstein Data: DealRoom
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