SpaceX's record IPO on June 12, 2026 (source: CNBC) revealed that the company, which merged with xAI in February 2026,...

SpaceX's record IPO on June 12, 2026 (source: CNBC) revealed that the company, which merged with xAI in February 2026, spent $10.1 billion in capex in Q1 2026, with the majority directed toward artificial intelligence. This aligns with xAI's strategy for AI infrastructure, including plans for orbital data centers. A separate prediction market (source: Manifold) currently indicates a 25.7% probability of SpaceX/xAI deploying a space-based data center with 10K+ H100-class GPUs by 2032. While no concrete equipment orders have been announced, the IPO prospectus and analyst commentary confirm that xAI's compute buildout is a central use of capital. The signal is low confidence because the space data center timeline is speculative and no new semiconductor procurement has been disclosed.