SpaceX has pledged $62.8 billion, or 78% of its forecasted $80 billion IPO proceeds, to third parties including investors and vendors, betting its future on AI growth.

SpaceX's S-1 filing reveals that of a $28.5 trillion total addressable market the company foresees, $26.5 trillion is in AI. CEO Elon Musk has already committed $62.8 billion (78% of the expected $80 billion IPO) to third parties such as Valor Equity Partners, Musk X Corp, xAI investors, and Echostar for debt repayment and spectrum acquisition.

JPMorgan Asset Management's David Kelly outlined five possible outcomes for U.S. national debt. The best case involves debt deterioration from inflation and recession without a bond market crisis, requiring stronger-than-expected AI productivity gains, eased immigration restrictions, and prolonged divided government.

The Federal Reserve faces sticky services-sector inflation even if goods inflation comes under control. Core goods inflation currently runs at an annual rate of 3.8%, overshooting the Fed's 2% target, largely due to tariffs according to Bank of America, while housing and other services remain challenging.