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SpaceX’s much-anticipated US$75-billion initial public offering, set to be the largest ever, will likely keep cryptocurrency prices in the doldrums as retail investors attracted to new and risky artificial intelligence stocks scramble to get a slice of the action. Celebrity billionaire Elon Musk’s rocket and satellite communications ?company – which merged with his AI startup xAI earlier this year – is expected to fetch a valuation of around US$1.75-trillion, sparking a Wall Street and media frenzy. The company has set aside up to 30 per cent, or US$22.5-billion, of shares for retail investors, Reuters and other outlets have reported, in…
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