SpaceX Pursues Controversial IPO With xAI

SpaceX is moving toward a public IPO potentially combining the xAI unit, with insiders reportedly targeting a valuation above $1 trillion. The article recounts Elon Musk’s 2013 memo opposing an early IPO, outlines motives—raising cash, enabling investor exits, and index inclusion—and highlights risks including quarterly scrutiny, activist investors, and Starlink margin pressure. The move could facilitate investor sell-offs and reshape space and AI investments.