SpaceX is reportedly preparing a 2026 initial public offering that would raise over $30 billion, targeting a valuation of about $1.5 trillion. Part of the funding is said to toward an ambitious venture that CEO Elon Musk and other tech billionaires have been eyeing for some time now: AI in space.

As data centers proliferate across the U.S . to support surging demand for AI training and operation, the resulting strain on energy, water, and land resources is becoming impossible to ignore. Facing limits on the growth of this booming industry, Big Tech has proposed another solution: building data centers in orbit .

Two sources familiar with SpaceX’s IPO plans told Bloomberg the company expects to use some of the new capital to develop orbital data centers, including purchasing the ch

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