Elon Musk is reportedly trying to take SpaceX public

Elon Musk is reportedly looking to finally take SpaceX public after years of resistance, according to sources who spoke to The Wall Street Journal. The company has long said it wouldn't choose an IPO until it had established a presence on Mars. That isn't happening anytime soon.

So why now? Company insiders have suggested it's because Musk wants to build AI data centers in space. Google recently announced it was looking into putting a data center in space, with test launches scheduled for 2027. Musk reportedly wants to beat his rival to the punch, but SpaceX would need the billions of dollars in capital that an IPO would deliver. Putting a giant center in space isn't cheap.

Sources say that Musk wants to complete the IPO by July. SpaceX is reportedly expected to select banks to lead the stock offering in the near future ...