The executive team of Musk's company continues to shake, and SpaceX intensifies lobbying for investors.
According to three informed sources, some large fund managers on Wall Street plan to visit the southernmost tip of Texas and then travel about 950 miles to Memphis, Tennessee to exclusively tour SpaceX facilities within the next two weeks. This trip comes just before what could potentially be the largest initial public offering in history. The two-day trip is sure to be impressive: at the interstellar base, SpaceX is building the world's largest fully reusable rocket, while the two massive data centers "Giant 1" and "Giant 2" of xAI are also located there. However, some investors also have questions about how Elon Musk's two companies will operate after merging into an artificial intelligence and space giant. According to two informed sources, a recent sign of change is the departure of xAI's CFO Anthony Armstrong, as part of a wave of executive departures at the company. The activities are set to kick off the week of April 20th and are a core part of a multi-week investor roadshow. Related coordination work is accelerating this week, aiming to gather investors of all sizes to support what could be the largest fundraising in history for an IPO. So far, investor communication has focused on SpaceX's vision: combining its unique satellite development capabilities with its space high-end chip launch business over the next few years, while continuing to advance ground data center construction.
Latest

