I wonder if this has more to do with XAi than SpaceX. He recently had SpaceX invest $2B into XAi due to the AI arms race. If SpaceX had unneeded cash sitting around why raise money now?
"SpaceX is kicking off a secondary share sale." It isn't raising money, it's letting insiders sell. In the past, SpaceX has been a net buyer of its shares in such tenders.
