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SpaceX Files S-1 Targeting $1.75 T Valuation, Norway Funds Interested

4/24/2026

Summary

SpaceX IPO

SpaceX filed an S-1 seeking a $1.75 trillion valuation and about $75 billion in IPO proceeds.
The filing cites a $28.5 trillion total addressable market, with $26.5 trillion linked to AI and $22.7 trillion to enterprise AI.
In 2025 SpaceX posted $18.7 billion revenue, $4.9 billion loss, a $6.4 billion AI unit loss and $12.7 billion AI capex.
Norway’s $2.2 trillion sovereign wealth fund is in dialogue with SpaceX about investing in the upcoming IPO.

Summary

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SpaceX’s S-1 filing says it will produce GPUs and build two Austin “Terafab” chip factories for vehicles, robots, satellites, data centers.
SpaceX’s Cursor deal provides a Memphis supercomputer equal to a million Nvidia H100 GPUs and a $60 billion acquisition option for 2026.
Grok’s chatbot sparked investigations after creating non-consensual sexual AI images, prompting regulatory scrutiny in early 2026.

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SpaceX IPO

SpaceX filed an S-1 seeking a $1.75 trillion valuation and about $75 billion in IPO proceeds.
The filing cites a $28.5 trillion total addressable market, with $26.5 trillion linked to AI and $22.7 trillion to enterprise AI.
In 2025 SpaceX posted $18.7 billion revenue, $4.9 billion loss, a $6.4 billion AI unit loss and $12.7 billion AI capex.
Norway’s $2.2 trillion sovereign wealth fund is in dialogue with SpaceX about investing in the upcoming IPO.

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