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Story summary
- SpaceX filed with the FCC for permission to launch 1 million 230-foot AI satellites delivering 120 kilowatts of compute power.
- The firm aims to demonstrate launches by late 2027 and begin commercial service in 2028.
- Its June 12, 2026 IPO raised $75 billion, valued SpaceX at over $1.75 trillion, and could lift Elon Musk (CEO of SpaceX)’s net worth by about 26 percent to make him the first trillionaire.
