The filing says orbital AI data centers and Moon and Mars industrialization remain early-stage and depend on Starship, whose delays and test failures could limit growth as SpaceX seeks to raise $75 billion.
SpaceX said in its IPO filing that its long-term plans for orbital AI computing, space-based data centers, and industrial activity or settlement on the Moon and Mars rely on technology that remains unproven and may not become commercially viable. The company warned that orbital AI data centers would need to operate under harsh space conditions, creating technical, operational, and business risks. It also emphasized its dependence on Starship, its planned fully reusable launch system, noting that delays and test failures could constrain growth and limit broader space infrastructure ambitions. Despite these disclosures, SpaceX is targeting an approximately $1.75 trillion valuation and plans to raise $75 billion in the coming months.