SpaceX’s $1.75 trillion IPO pitch relies on a lot of AI faith |
SpaceX’s $1.75 trillion IPO pitch relies on a lot of AI faith
The rocket launching company says it’ll become a major player in enterprise AI in the future.
[Photo: Ethan Swope/Bloomberg via Getty Images]
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Inside the SpaceX S-1 Black Box
SpaceX’s S-1 investor prospectus landed last week, and it proves to be equal parts legitimate satellite connectivity business and AI hopium. The document spends 47% of its time discussing artificial intelligence, describing SpaceX’s addressable market as overwhelmingly AI and AI-related. Based on that, despite having relatively little AI business today, SpaceX hopes to raise somewhere........