Elon Musk’s problem children could spoil his Wall Street dream

Elon Musk initiated the largest initial public offering in history for SpaceX on April 7, 2026, aiming to raise $75 billion at a valuation of $1.75 trillion. Speculation suggests that this valuation could rise to $2 trillion, overshadowing Tesla's market cap of $1.32 trillion. The IPO hinges on investor belief in Musk's ambitious vision for space-based data centers.

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Summary by Glance · Original reporting by Brisbane Times