SpaceX’s expected initial public offering has drawn a new warning after former OpenAI staffers and several artificial intelligence (AI) safety nonprofits urged potential backers to weigh risks tied to Elon Musk’s AI venture, xAI.
The letter, addressed to investors, said the market may not be fully accounting for xAI’s downsides and asked for additional detail ahead of SpaceX’s prospectus. The authors also pointed to SpaceX’s reported goal of raising as much as $75 billion and said the combined structure raises questions that investors should press on.
“Investors evaluating SpaceX’s AI exposure need more information to reasonably price it, accounting for both the upside and the downside. The path forward remains unclear: will SpaceX continue competing at the frontier of AI development, and if so, will it adopt the safety and security practices upon which its peers are converging?” the letter questioned.
Benzinga reached out to SpaceX for comment but did not receive a response by publication time.
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