2 Stocks That Could Soar from SpaceX's $26.5 Trillion Artificial Intelligence (AI) Empire
As SpaceX pursues its grand goals, both Tesla and Nvidia are positioned to benefit.
2 Stocks That Could Soar from SpaceX's $26.5 Trillion Artificial Intelligence (AI) Empire
Overview
In SpaceX's filing for an initial public offering (IPO), two numbers stand out: $28.5 trillion and $26.5 trillion. The first number, $28.5 trillion, is the company's estimate of its total addressable market, which is eye-catching on its own. But the second number that makes up the bulk of that forecast, $26.5 trillion, is the opportunity SpaceX forecasts that artificial intelligence (AI) specifically could offer.
As SpaceX continues to build out the infrastructure it will require to capture as much of that market as is possible, that establishes the potential for both Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA) to benefit.
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Originally published at www.fool.com.


