SpaceX Is Adding 500,000-Plus Starlink Subscribers Every Month. Here's Why That's Critical for the Stock.
Starlink is arguably SpaceX's most valuable segment.
Overview
SpaceX (NASDAQ: SPCX) is widely considered a space stock. In reality, the company is better considered an artificial intelligence (AI) stock. Take a look at the company's IPO prospectus, and you'll quickly learn why.
"We believe we have identified the largest actionable total addressable market in human history," the company declares. "We estimate that our quantifiable TAM is $28.5 trillion."
Details
Almost all of that total addressable market figure -- some $26.5 trillion -- relates exclusively to AI. Just $370 billion is tied to "space-based solutions." The remainder -- $1.6 trillion -- relates to SpaceX's "connectivity" segment, which primarily includes its Starlink internet and mobile services.
Source
Originally published at www.fool.com.