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Is this going to see an IPO price break?! The largest IPO price break in history?!
SpaceX drops an “IPO bombshell”: its space AI technology is unverified and may not be commercialized
In a document, SpaceX warned investors that its ambitious plans to build space artificial intelligence (AI) data centers and establish human settlements on the Moon and Mars actually “depend on unproven technology,” and may not be commercially viable. This business risk listed in the filing submitted by SpaceX before its initial public offering (IPO) has never been reported before. In the same filing, SpaceX also stressed its serious reliance on the next-generation fully reusable rocket “Starship,” but “Starship” has already faced multiple delays and test failures. $BNB
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