File photo of the launch tower at SpaceX Launch Complex at launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S.

File photo of the launch tower at SpaceX Launch Complex at launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S.
| Photo Credit: Reuters

SpaceX warned investors that its ambitions to build space-based ​artificial intelligence data centres, as well as human settlements on ⁠the moon and Mars, rely on unproven technologies and may not become commercially viable, according to a company filing. The business risks laid out in SpaceX’s pre-IPO filing, which have not ‌been previously reported, present a far more cautious assessment of the rocket maker’s future than the vision laid out publicly by billionaire CEO ‌Elon Musk in recent weeks, as the company gears up for ‌what ⁠could be the largest initial public offering in history.

Risk factors in ⁠a prospectus are required by U.S. securities law and are designed to inform investors of potential pitfalls while also shielding companies from future legal liability.


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