Vendor · The Decoder ·
SpaceX IPO filing shows billions in AI losses, a $2 trillion valuation target, and turbine spending that signals more data center conflicts ahead
SpaceX has filed for an IPO with a potential valuation of $2 trillion, revealing AI losses of $6.36 billion in 2025 and an ongoing $15 billion annual compute deal with Anthropic. Elon Musk holds 85.1% voting power via dual-class shares.