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moves money Tech-Economic Times July 10, 2026

SpaceX and AI startup wealth fuels demand for private jets

SpaceX and AI startup wealth fuels demand for private jets
AI Summary

The IPO of Elon Musk's ​SpaceX, whose holdings include artificial-intelligence firm xAI, raised a record $85.7 billion for the company and generated unprecedented employee and founder wealth. Next in line for potential big IPOs are AI companies Anthropic and OpenAI.

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