Investors buying into SpaceX's nearly $2 trillion IPO are making a high-stakes wager that CEO Elon Musk can turn a fast-growing satellite business into something far bigger, using an unproven rocket to unlock an ambitious push into AI. Musk has grown SpaceX into the world's largest rocket business by launching thousands of Starlink internet satellites and pioneering reusable rockets that have transformed the economics of space.
But the company is seeking to be valued not just on those laurels but on the juggernaut it might become if Musk's ambitious bets to colonize Mars, put data centers in space and become a leading AI company pay off.
