# Elon Musk once swore SpaceX would stay private until humans reached Mars.

*business · news · 2026-04-08 · Benzinga*

## Key points

- SpaceX merged with xAI in February, citing plans for AI data centers in space.
- Prospective SpaceX IPO bankers and lawyers must sign up for Grok accounts to participate.
- xAI generated about $100 million in revenue last quarter, far less than OpenAI's $2 billion monthly.
- EchoStar holds a SpaceX stake valued at $11.1 billion, serving as a pre-IPO investment vehicle.

**Companies:** SpaceX, OpenAI, T-Mobile, JPMorgan, EchoStar
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/prediction-markets/26/04/51715363/elon-musk-once-said-spacex-wouldnt-ipo-until-it-reached-mars-now-he-wants-2-trillion-by-summer)

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