SpaceX investors want to cash out, which is why they’re going public. Elon Musk wants to dump his X/xAI bags onto the public markets by merging it with SpaceX.

Essentially means that SpaceX investors are bailing out Elon Musk.

Don't forget that a lot of US mil stuff is launched by SpaceX so in a very real way they are the prime defense contractor in space for the country. If the public offering doesn't work, Unc Sam'll bail them out. Wonder if Trump will want a stake in the company this time.