Maybe a dumb question but why does the SpaceX IPO have an influence over AI and tech valuations?

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The author questions the link between SpaceX's IPO and AI/tech valuations, noting its core focus is rocketry and materials.

SPCX

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From Yahoo Finance: "With significant demand from institutional investors and retail, this IPO is expected to influence market dynamics, especially amid ongoing discussions about AI and tech valuations."

Doesn't this company have more to do with rocketry, materials science, energy fuels, etc.? What is the main connection between SPCX and AI/tech stocks?

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