By 3 min readJune 5, 2026 – 6:03AMAFP
Publication Date: 2026-06-04 20:03:00
SpaceX is inviting investors to bet on Elon Musk’s vision of AI data centers in space and people on Mars.
It’s a gamble that comes with limited voting rights, limited legal options, and a company that is currently losing billions of dollars annually.
– Magic Touch –
Musk’s fame and track record of turning Tesla and SpaceX into global giants have earned him a reputation as the man who sees where technology is going – and builds it into a world-class company.
SpaceX’s sky-high valuation – nearly $1.8 trillion – is based on the idea that its legendary run will continue and that Musk can achieve his goal of building data centers in space and putting people on Mars.
But nothing at the core of the company as it stands now matches that valuation, because the company is growing fast but losing money.
Revenue reached $18.7 billion in 2025 – a 33 percent increase from the previous year – but costs rose even faster, resulting in a net loss of $4.9 billion. In the first quarter of 2026, it lost…
