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SpaceX’s Epic Fundraising Campaign for AI Has Only Just Begun

SpaceX’s Epic Fundraising Campaign for AI Has Only Just Begun
Bloomberg Markets Thursday 18 June 2026, 20:53 UTC By Bailey Lipschultz, Davide Barbuscia 1 min read
Key Points

Space SpaceX’s Epic Fundraising Campaign for AI Has Only Just Begun When Elon Musk went into sales pitch mode ahead of the SpaceX IPO, the comparison he marshaled to justify valuing the company in the trillions of dollars, and tapping investors for tens of billions, raised a few eyebrows. “We’re kind of like the Union Pacific,” he said in an interview in an investor presentation ahead of the initial public offering, citing one of his frequent touchstones — a historic infrastructure project...

Space SpaceX’s Epic Fundraising Campaign for AI Has Only Just Begun When Elon Musk went into sales pitch mode ahead of the SpaceX IPO, the comparison he marshaled to justify valuing the company in the trillions of dollars, and tapping investors for tens of billions, raised a few eyebrows. “We’re kind of like the Union Pacific,” he said in an interview in an investor presentation ahead of the initial public offering, citing one of his frequent touchstones — a historic infrastructure project in the 1800s intended to connect western states by rail for the first time. “People thought they were crazy” when they built it, he said, “but now California is the biggest state in the country.” [Image text:] SPCX NasdaqListe NEWTRADITI EW
SpaceX (ORG) Epic Fundraising Campaign (ORG) AI (ORG) Begun Space SpaceX’s (ORG) Elon Musk (PERSON) the SpaceX IPO (ORG) the Union Pacific (ORG) California (LOCATION)
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