Cathie Wood's flagship venture fund has realigned its heaviest bets following a record-breaking merger between Elon Musk's aerospace giant and his artificial intelligence startup. A Trillion-Dollar Integration The ARK Venture Fund (ARKVX) has confirmed that SpaceX and xAI have merged in a “transformative deal” that values the combined entity at $1.

If Musk succeeds in taking SpaceX public this year, it will likely sell about 10% of its equity in the IPO, raising $125 billion. That figure would handily exceed Saudi Aramco’s IPO proceeds of $29.4 billion, the largest global IPO ever, and Alibaba’s IPO proceeds of $21.8 billion, still the largest ever in the US since its 2014 debut.

The filing follows approval of Starlink’s Gen2 expansion and Elon Musk’s push to move AI infrastructure into orbit.

As rumors swirl about a SpaceX IPO, Elon Musk's rocket ship company makes an even bigger move.

WASHINGTON, Jan 31 - Elon Musk's SpaceX wants to launch a constellation of 1 million satellites that will orbit Earth and harness the sun to power AI data centers, according to a filing at the Federal Communications Commission.

Musk said getting all that AI and solar capacity in space will require about 10,000 launches a year—or a launch in less than an hour every day.

Elon Musk confirms SpaceX isn't making a phone, but a mobile AI device with Starlink connectivity and neural networks might be on the works.

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