SpaceX has amended its IPO filing to add water access as a risk factor, alongside power and processors, for scaling its AI data center infrastructure. The company warns that water scarcity, drought conditions, and regulatory restrictions could constrain data center cooling capacity, increase costs, or delay expansion. The filing also reveals SpaceX is reserving up to 5% of IPO stock for employees and friends of executives, and warns of potential future share dilution possibly hinting at a Tesla merger.
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