Elon Musk Is Dropping a Boulder in a Kiddie Pool

He is about to take SpaceX public--pushing other AI companies to do the same. Elon Musk is about to set in motion a chain of events that will reshape the global financial order. For starters, when SpaceX formally goes public next week, he is all but guaranteed to become the world's first trillionaire. His rocket company is targeting a valuation of $1.77 trillion, which would make it one of the 10 biggest companies in the world--bigger than Meta, Walmart, and, for that matter, Tesla. All of this activity is less about colonizing Mars and more about providing the infrastructure for the AI boom: Musk wants to use his rockets to launch data centers into space, where there is abundant solar power to harvest.