To The Moon

Is SpaceX a rocket company, satellite communications business or AI powerhouse?That's a key question for investors to assess heading into the IPO.SpaceX may not generate the bulk of its revenue from space, but it needs to succeed with its Starship mega-rocket in order to achieve its full vision.Investors best know SpaceX as a rocket-launch company, but for now, satellite communications are what pays the bills. And going forward, Elon Musk sees its biggest market opportunity in a third area: artificial intelligence.Up until February, that answer was clear. Then SpaceX blended its more mature rocket and telecommunications businesses with an early-stage AI company, xAI, which Morningstar's Nicolas Owens said marked when SpaceX "changed its stripes." There's a good reason for that."For the purposes of going public, having the AI business front and center positions this as more in line with one of the hottest investing themes ever," Owens told MarketWatch.Don't miss: These 'nerds' earned m