Elon Musk Says 'Yes' To $1.75 Trillion SpaceX IPO Valuation As Company Eyes Mars, Orbital Expansion

SpaceX and Tesla Inc. CEO Elon Musk may have just confirmed reports of the commercial space flight giant targeting a $1.75 trillion IPO.

SpaceX IPO

In a post on the social media platform X on Monday, entrepreneur Peter Diamandis shared his take on the reported IPO. "$1.75T valuation, filing in March. Capital for Starship, Moon, Mars colonization and Earth's Dyson Swarm," he said in the post, further hailing the move as an expansion of human civilization.

Responding to Diamandis, Musk seemingly confirmed the reported figure. "Yes," the billionaire CEO said in the post.

SpaceX-xAI Merger

The news comes as SpaceX had acquired Musk's artificial intelligence startup xAI, with the combined SpaceX-xAI entity reaching a valuation of $1.25 trillion. The company is also reportedly considering a dual-class share structure that could give company insiders, including Musk, outsized voting power over corporate decisions.

Musk has also shared that he was confident that SpaceX's Starship V3 would be able to achieve full reusability after earlier sharing that the Starship would be able to launch every hour in three years.

Orbital Datacenters

Meanwhile, SpaceX was invited to discuss orbital datacenters by the Federal Communications Commission (FCC). The datacenter ambitions reportedly involve operating a fleet of over 1 million satellites. SpaceX is also seeking several waivers from the FCC.

However, Musk's orbital datacenter goals have been criticized by short seller Jim Chanos, who called the orbital datacenter ambitions "AI Snake Oil," adding that power supply wasn't the issue.

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