SpaceX IPO filing shows billions in AI losses, a $2 trillion valuation target, and turbine spending that signals more data center conflicts ahead (opens in new tab)

Covers 2 stories including Musk’s xAI is being sued over its data center generators. Now, it’s buying $2.8B more.

SpaceX has filed for what could be the largest IPO ever, targeting a valuation of up to $2 trillion. The filing reveals xAI losses of $6.36 billion in 2025 and an Anthropic compute deal worth $15 billion per year. Elon Musk secures 85.1 percent of voting power through dual-class shares, effectively making him impossible to outvote. The article appeared first on .

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