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SpaceX Shares Jump as Musk Targets $500B AI Revenue

techAug 13, 202619355

SpaceX shares jumped after Elon Musk said he will expand SpaceX’s AI efforts, folding xAI into the company and projecting as much as $500 billion in future AI revenue. Traders and some analysts treated the projection as a growth signal; one post cited Adam Jonas calling it an opportunity and noted SpaceX was up about 11 percent. Commenters warned the projection could presage a huge market event, with one post saying the plan could make the AI lab’s debut the largest-ever initial public offering. Critics and reporters flagged practical and environmental questions: the Wall Street Journal noted Musk is relying on dozens of gas turbines to power AI training, The New Stack questioned the practicality of space-based data centers, and the Financial Post and others urged clearer greenhouse gas disclosures from major AI players including SpaceX. A separate post suggested SpaceX issued stock to Cursor as part of a deal that helped lift the share price, and another highlighted an upcoming lock-up expiration framed as a buying window by some observers. Next steps to watch are whether Musk follows through on integrating xAI into SpaceX, how regulators and investors respond to the emissions and transparency concerns, and any filing or timetable that would turn the projection into a public offering.

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