Industry

SpaceX IPO may benefit Elon Musk but hurt retail investors

SpaceX is pursuing an initial public offering at a valuation of more than $1 trillion, with losses in its AI business, uncertainty over Starship development and about $30 billion in debt emerging as key risks. A filing cited in a report also highlighted financial burdens, related-party transactions and concentrated voting power. The company put its total addressable market at $28.5 trillion, largely tied to AI, while Starlink generated more than $11 billion in revenue last year.

Games & Commerce

Web visits fall but AI traffic surges, ChatGPT ranks sixth worldwide

Sensor Tower released a report on Tuesday analysing changes in global web traffic, the rise of generative AI platforms and the share of local platforms by country. It said total web visits last year fell 1.8 percent to about 800 trillion and time spent dropped 5 percent to about 1.6 trillion hours. ChatGPT added about 60 billion visits and ranked sixth globally, while AI assistants’ visits jumped 86 percent.