> Can someone breakdown to me how this makes any sort of economical sense?
Capital markets are excited by AI.
By tying his rockets to AI with his vision of “orbital data centers”, Elon turned an $8 per share IPO (at least according to financial times and morgan stanley) into a $135 per share (1.8T) IPO.
To be clear: Morgan Stanley says that they are skeptical of this, but that’s their perception of where the value is supposed to come from based on SpaceX’s pitch
Capital markets are excited by AI.
By tying his rockets to AI with his vision of “orbital data centers”, Elon turned an $8 per share IPO (at least according to financial times and morgan stanley) into a $135 per share (1.8T) IPO.