IPO

SpaceX became the most valuable privately held company in the world after its merger with Musk’s other venture, the AI firm xAI.

Microsoft has backed the company since 2019—well before ChatGPT—investing $13 billion for a 27% stake.

The company is exploring an IPO that could raise $60 billion, though the valuation and timing remain in flux.

The initial share sale is likely to value India’s first artificial‑intelligence unicorn at over $3.5 billion