SpaceX's capital investments are soaring by billions of dollars as the company prepares for a major initial public offering (IPO). SpaceX plans to collaborate with Tesla to develop the Terafab chip complex, with projected capital expenditures of at least $55 billion. Additionally, SpaceX is investing in space-related infrastructure and may pour substantial funds over the coming years to launch up to 1 million AI satellites into low-Earth orbit. Some of these expenditures stem from the February acquisition of Musk's startup xAI, which Musk will dissolve as an independent entity. The IPO is expected to raise billions in new capital to invest in its emerging AI division. SpaceX's space business generates significant revenue, with $16 billion in space-related revenue last year and $8 billion in adjusted earnings. Furthermore, SpaceX has reached an agreement with Anthropic to utilize its data center capacity. The Terafab chip plant, a joint venture between SpaceX and Tesla, has yet to finalize cost allocations, with total investments in the complex potentially reaching $119 billion.