Elon Musk-led SpaceX is reportedly cautioning investors looking to participate in the upcoming IPO that the company’s orbital datacenter goals, as well as plans to colonize Mars, rely on technology not yet proven, casting doubt over the projects’ commercial benefits.
Filing Shows SpaceX Taking Cautious Approach
The company laid out a far more cautious approach in filings with the SEC, saying that the “initiatives” for datacenters in orbit and “interplanetary industrialization” were in preliminary stages, Reuters reported on Tuesday.
SpaceX also said that the goals involved “significant technical complexity and unproven technologies,” while also acknowledging that the projects “may not achieve commercial viability.”
Companies are required by law to share risk factors associated with their businesses, alongside finances, via S-1 filings. The cautious approach is in contrast with Musk’s public comments on space-based AI compute and plans to colonize Mars.
SpaceX also said that orbital datacenters were going to operate in the “harsh environment of space,” which would …
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