SpaceX's IPO on Friday allows the public to buy shares of the combined rocket, AI, and social media company for the first time. The offering made Elon Musk the first trillionaire, with his wealth exceeding the economies of nations like Ireland and Sweden.
SpaceX went public in June 2026, offering shares of its combined rocket, AI, and social media company to the public for the first time. The IPO made Elon Musk the first trillionaire, with his wealth exceeding the economies of nations like Ireland, Sweden, and South Africa.
Days after the IPO, SpaceX announced a $60 billion acquisition of programming platform Cursor to close the gap with AI rivals Anthropic and OpenAI. The company also plans satellite-based AI servers but faced latency and infrastructure issues in Memphis while developing Grok AI. Deals renting capacity to Anthropic ($15 billion annually) and Google ($920 million per month) were reportedly signed after hardware and lag problems.
SpaceX's IPO accelerates the convergence of space and AI industries. Musk's trillionaire status reignites debates about tech billionaire influence. However, technical challenges in deploying AI data centers in space raise questions about the feasibility of the plan.