SpaceX to pursue 2026 IPO raising far above $30 billion #shorts #spacex #ipo #tech

The rationale on why they need to raise so much money is very interesting. Speaking to sources, while SpaceX doesn't have any sort of immediate capital needs, going after raising more than $30 billion is because they've identified this kind of new area and goal, which is to build constellation or space-based data center capacity. So right now the majority of SpaceX's revenue is from Starlink, a constellation of satellites that beams internet connectivity down to Earth.But they know that if they want to move ...