Ryan Gould

Ryan Gould is a Bloomberg News reporter in New York covering deals and dealmaking, including M&A and IPOs on Bloomberg’s U.S. Deals team with a focus on technology transactions such as AI, software, hardware and semiconductors.

SpaceX IPO Pitch Seeks $2 Trillion Valuation on AI and Mars

Bloomberg Technology’s Ed Ludlow framed SpaceX’s Nasdaq IPO filing as a test of whether public investors will underwrite Elon Musk’s farthest-reaching claims: a company seeking a valuation above $2 trillion, as much as $75 billion in proceeds and a $28.5 trillion addressable market built largely on AI, Starlink and Mars. Bloomberg reporters and guests said the filing asks investors to look past large losses, debt and Musk’s continuing control, while treating Starship and space-based infrastructure as central to the valuation case rather than speculative side projects. The program placed that pitch alongside Nvidia’s effort to prove AI demand is broadening beyond hyperscalers and possible OpenAI and Anthropic filings that could bring similar public-market scrutiny to frontier AI.

Bloomberg TechnologyMay 21, 202615 min read