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musk million satellite pitch turns space into ai asset class

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Musk’s million-satellite pitch turns space into the next AI asset class | Grafa

Musk’s million-satellite pitch turns space into the next AI asset class

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Written by Heidi Cuthbert Published Feb. 2 2026Last Updated Feb. 2 2026

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United States News

SpaceX has rattled markets with a filing that proposes up to one million AI-powered satellites, reframing orbit as a future data-centre network.

The idea has investors modelling space-based AI compute as both a powerful upside driver ahead of a mooted 2026 IPO - and a massive capex risk that could reshape valuations across tech and infrastructure.

As regulators and rivals scrutinise the plan, the market is now debating whether this is bold optionality being priced in, or a negotiating ceiling that may never leave the drawing board.