(Image credit: SpaceX) Elon Musk has laid out the first detailed design of SpaceX's AI1 satellite in a 30-minute video posted to the company's X account, the opening generation of an orbital craft SpaceX wants to build by the million to run AI workloads off Earth's power grid. Carrying a 150 kW peak compute payload across a 70-meter deployed wingspan, the spacecraft uses an interchangeable hardware design that lets different chipmakers supply the processors. The timing of this announcement is no accident, coming just three days before SpaceX’s IPO, which is set to price on June 11th and trade on June 12th at a target valuation near $1.75 trillion. In his announcement, Musk pegged the satellite’s compute payload at roughly the draw of a single Nvidia GB300 rack, which pulls around 140 kW on the ground. One AI1, in those terms, is about one rack in orbit.…