SpaceX is moving to raise over $30 billion through an initial public offering next year, targeting a $1.5 trillion valuation. This marks a shift for Elon Musk, who has previously resisted taking the company public due to concerns over shareholder pressures.

Elon Musk suggests that SpaceX's next-generation Starlink V3 satellites could evolve into orbiting data centers, enabling remote AI processing. These satellites will use high-speed laser links for data transmission, which could help address the challenges of connecting to data centers in space. A startup, Starcloud, plans to test its own satellite for AI workloads, scheduled to launch soon.

SpaceX is exploring the development of a Starlink-branded phone that would connect directly to its satellite constellation. Although details are still vague, Elon Musk has suggested that the device could be optimized for specific uses, such as running neural networks. Starlink is a significant revenue source for SpaceX, contributing to its overall financial success.

Elon Musk announced that SpaceX's revenue is projected to reach nearly $16 billion in 2025, driven by its busy rocket-launch business and the growth of its Starlink satellite division. This growth positions SpaceX to exceed NASA's budget by 2026, highlighting the company's significant role in the commercial space sector.

Apple has reportedly turned down an offer from Elon Musk to use his satellite technology, raising concerns about the viability of its own plans for satellite communications. The rejection may jeopardize Apple's ambitions in this area, as Musk's Starlink service could have provided significant infrastructure support.

Elon Musk is considering transforming Starlink into a global carrier following a recent deal with EchoStar. This move could enhance Starlink's capabilities and expand its reach in the satellite internet market, potentially competing with established telecommunications services.