Chip Manufacturing

Elon Musk is pushing into chip manufacturing as SpaceX prepares for its IPO, with a recent address to ASML employees outlining his vision for the company’s future in the sector. The move is seen as a key component of Musk’s plans to reduce reliance on third-party suppliers and improve spacecraft performance. With the IPO looming, Musk is under pressure to demonstrate the company’s potential for long-term success and profitability.