Water access is now a risk factor in SpaceX’s IPO

SpaceX has added new language to its IPO filing that warns prospective investors about the company’s access to a potentially scarce resource: water.

The company, which now includes Elon Musk’s AI company, xAI, wrote in an amended version of the filing on Monday that access to water — required to cool its data centers — is just as important as SpaceX’s ability to secure power, processors, and other critical resources.