SpaceX (SPAC) Valued at $1.25 Trillion Pre-Nasdaq Launch

SpaceX is preparing to start trading on Nasdaq in over two weeks with a private market valuation of $1.25 trillion. Tesla (TSLA), which currently has a market cap of around $1.6 trillion, shares numerous resources with SpaceX. Over 75% of SpaceX's $10.1 billion capital expenditures in Q1 2023 were tied to AI projects. As both companies focus on AI infrastructure and services, discussions of a merger are ongoing within Tesla, potentially reshaping the market landscape in the tech and space sectors.