SpaceX is targeting a $1.77 trillion IPO on June 12, the largest in history. The real bet is on who owns the AI economy's rails, from Starlink to its xAI merger.

The companies driving artificial intelligence need access to ever-increasing amounts of capital at ever-increasing valuations. That makes them vulnerable.

SpaceX is targeting a $1.77 trillion IPO on June 12, the largest in history. The real bet is on who owns the AI economy's rails, from Starlink to its xAI merger.