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AI & Enterprise

Orbital targets 2028 first launch for space AI data centre vision

Orbital, a startup aiming to build artificial intelligence data centres in space, has raised $5 million in seed funding. The company plans to run AI inference in orbit to avoid power and siting constraints on Earth and reduce regulatory and permitting burdens. Founder Euwyn Poon says the business depends on lower launch costs, with SpaceX\'s Starship seen as key. Orbital targets a first data-processing spacecraft launch in 2028.

Finance

SpaceX Nasdaq listing nears; options for South Korean investors

SpaceX is set to list on the Nasdaq on June 12, drawing attention from South Korean investors, though direct subscription by retail investors is effectively limited. Alternative options being discussed include South Korean firms with SpaceX stakes, local space and aerospace value-chain stocks and related exchange-traded funds. SpaceX set its IPO price at $135 per share, and markets see fundraising of $75 billion with a potential post-listing valuation of about $1.75 trillion.

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.