Elon Musk's SpaceX Aims at $28.5 Trillion AI Enterprise Market

Elon Musk's SpaceX is setting ambitious goals in the AI enterprise sector, with an eye on a total addressable market of $28.5 trillion, according to a recent S-1 filing. The company sees significant growth potential with AI, expecting over $22.7 trillion to come from AI for businesses.

SpaceX is preparing for an IPO targeting a $1.75 trillion valuation, aiming to raise $75 billion, which would mark the largest initial public offering in history. The filing indicates that although the AI sector shows immense promise, it is a highly competitive space dominated by industry leaders like Anthropic and OpenAI.

Despite the optimism, SpaceX's AI unit is currently running at a loss. In 2025, it reported a $6.4 billion operating loss, surpassing the profit from SpaceX's Starlink business. The company is investing heavily in AI development, with plans to build specialized teams to support enterprise solutions across varied industries.

(With inputs from agencies.)