# @cgtneurope on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DYmxT7DIJu8
- **Gondola URL:** https://gondola.cc/posts/65884918-cgtneurope-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/73cfde87c1.jpg
- **Posted:** 2026-05-21T15:30:17.000+00:00
- **Account Owner:** CGTN Europe (@cgtneurope) — https://gondola.cc/cgtneurope

## Caption

Elon Musk could break records next month as SpaceX looks to IPO on the NASDAQ with a $1.75trn valuation. ⁣
⁣
Seeking to raise $80bn from the public offering, Musk, who owns around 50% of the company's shares outstanding and controls more than 85% of the shareholder votes, could become the world's first trillionaire if the IPO goes through. ⁣
⁣
Despite the predicted valuation, SpaceX made a net loss of almost $5bn in 2025 due to heavy spending on the development of artificial intelligence. The heavy losses follow the acquisition of xAI, Musk's AI startup that holds the chatbot Grok and the social media platform X (formerly Twitter) into SpaceXAI, earlier this year.⁣
⁣
Nevertheless, the IPO would further cement SpaceX on an AI mission. The raise would provide the cash for Musk to fully enter the AI arms race, and invest in orbital AI data centers that he believes would meet the growing demand for AI computing power.⁣
⁣
#SpaceX #SpaceXAI #ElonMusk #NASDAQ #IPO

## Stats

- **Views:** 0
- **Likes:** 33
- **Shares:** 0
- **Comments:** 0

## Tags

nasdaq, spacex, ipo, spacexai, elonmusk

---
Copyright (c) Gondola