Elon Musk Confirms SpaceX Has No Plans for a Starlink Phone

SpaceX's Starlink Plans: SpaceX has multiple plans for its Starlink business, including a potential Starlink phone and direct-to-device internet services, which could significantly contribute to its revenue, accounting for 50% to 80% of its $15 billion to $16 billion earnings last year.

Elon Musk's Clarification: Elon Musk clarified that SpaceX is not currently developing a phone, countering rumors and emphasizing that while a Starlink phone has been on the agenda for years, it is not a priority at this moment.

Acquisition of xAI: SpaceX announced its acquisition of the artificial intelligence startup xAI, which will enhance its capabilities, with the combined company valued at approximately $1.25 trillion.

Potential IPO Plans: Reports suggest that SpaceX is contemplating an IPO as early as this year, which could raise up to $50 billion, and discussions are underway with leading index providers to facilitate this process.