Elon Musk has categorically rejected reports that SpaceX showcased a prototype artificial intelligence handset to investors prior to its initial public offering.
The SpaceX chief described the Wall Street Journal’s account of the device as “utterly false,” effectively shutting down speculation that the company is pivoting toward consumer hardware in the near term.
The denial arrives as SpaceX navigates the critical pre-IPO phase, where investor expectations are being calibrated around the company’s core aerospace and satellite infrastructure business.
By dismissing the handset narrative, Musk aims to anchor market sentiment to SpaceX’s established revenue drivers rather than unverified consumer electronics ventures.
This clarification is likely to reduce uncertainty for institutional investors assessing the company’s valuation multiples ahead of the listing.
The controversy underscores the intense scrutiny surrounding SpaceX’s strategic direction as it seeks to position itself at the center of the AI race.