SpaceX's $2 trillion IPO filing isn't really about rockets — buried in the S-1 is a quiet pivot that reframes the entire company as an AI infrastructure bet (opens in new tab)

SpaceX’s newly public IPO paperwork does more than open the books on the world’s best-known rocket company. It also shows how sharply the company wants investors to look beyond rockets, satellites, and Starlink subscriptions when they decide what the business is worth. Reporting on the filing puts the planned market debut in historic territory. The […]