SpaceX has expressed concerns about the commercial viability of orbital AI data centers in its recent IPO filing. The company highlighted that while efforts toward lunar and Martian industrialization are underway, they remain in early stages and face significant technical challenges. Elon Musk has previously suggested that orbit could become the most cost-effective location for AI storage within a few years, but the filing warns of the harsh and unpredictable space environments that could lead to system failures. The filing also notes potential delays in the development of SpaceX's Starship, which could impact the company's growth strategy. Despite these challenges, SpaceX is targeting a valuation of approximately $1.75 trillion and aims to raise $75 billion in funding in the coming months.