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SpaceX pulled off the largest IPO in history at $85.7 billion, vaulting Elon Musk to a $1.3 trillion net worth and making him the world's first trillionaire. But the real story is what the company is becoming: newly revealed AI infrastructure deals with Google and Anthropic, worth over $2 billion per month, position SpaceX as a major hyperscale AI data center provider -- not just a rocket company.