SpaceX IPO Forces Investors to Bet on Musk’s Entangled AI Empire

SpaceX’s initial public offering is a bet on Elon Musk’s most audacious vision yet: an industrial empire combining hardware, software and artificial intelligence that brings rocket launches, satellites and computing resources into one sprawling conglomerate. A nearly 18-minute video produced as part of its IPO roadshow touts everything from solar-powered orbital data centers to a thriving lunar economy to asteroid mining.

“Elon is the Edison of our time,” gushed Jamie Dimon, the chairman and chief executive officer of JPMorgan Chase & Co., last week at an investor event at the bank’s New York headquarters. Musk, who founded ...