Prediction: SpaceX will not compete with Tesla. Instead, it’s going to buy an Nvidia-backed artificial intelligence (AI) company.
According to newly released details, SpaceX plans to issue 555.6 million shares in its upcoming initial public offering (IPO) at $135 per share. That means the SpaceX IPO will raise $75 billion — the largest of any company in history. Investors already know that some of SpaceX’s IPO proceeds have been earmarked for chip purchases. …
