SpaceX IPO puts Musk’s AI empire – and losses – under the spotlight
City A.M. | London's Business Newspaper - News, Opinion, & Anal…
May 21, 2026
SpaceX has finally opened its books to public markets, revealing a company generating tens of billions in revenue, burning through cash at an extraordinary speed and betting its future on AI as much as rockets. The long-awaited Nasdaq float, expected next month, could value Elon Musk’s space and AI empire at as much as $1.75 [...]
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