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Elon Musk Sparks $2 Trillion IPO Panic After His Own Tweet Blows Hole in SpaceX and xAI Money Claims

Summary by IBTimes UK
Elon Musk has ignited fresh market chaos after a single social media post cast doubt on major revenue assumptions tied to SpaceX and xAI, fuelling what analysts are calling a credibility shock around a proposed $2 trillion valuation (£1.58 trillion). Musk's Reply Reversing Billion Dollar Revenue Expectations The turmoil began after claims circulated that xAI infrastructure, particularly its Colossus data centre operations, could generate as much…

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IBTimes UK broke the news in United Kingdom on Monday, June 1, 2026.
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