SpaceX has filed plans for a $55 billion semiconductor manufacturing facility in Texas, marking a significant expansion beyond its aerospace business.

Chief executive Jean-Francois Fallacher said interest from the United States has held steady, even after SpaceX urged the Federal Communications

Live updates from SpaceX’s May Day Starlink 10-38 afternoon mission that launched a Falcon 9 rocket from Cape Canaveral Space Force Station in Florida.

This partnership comes as AI sector rivals vie to be the preferred option for software developers. Read more at straitstimes.com. Read more at straitstimes.com.

SpaceX has spent more than $15 billion developing its next-generation Starship rocket, according to ⁠the company’s ⁠IPO registration reviewed by Reuters, a sum that dwarfs the cost of ⁠its workhorse Falcon rocket as Elon Musk’s space company nears a decade trying to perfect a fully reusable launch system.

CAPE CANAVERAL, FLORIDA, UNITED STATES - DECEMBER 9: A SpaceX Falcon 9 rocket carrying a classified payload for the National Reconnaissance Office (NRO) stands ready for launch at pad 40 at Cape Canaveral Space Force Station on December 9, 2025 in Cape ...

The Department of Defense said agreements with eight companies would help establish the 'United States military as an AI-first fighting force.'

SpaceX filed confidentially for an IPO, and sources say it's eyeing a $1.75 trillion market cap. It has several moneymaking businesses, but the valuation would be extremely high. Space-related ETFs can give you exposure to the trend while minimizing your risk.

Investors are getting more bullish on the space economy ahead of a rumored SpaceX IPO.