SpaceX Just Identified a $22.7 Trillion Enterprise AI Market. These 2 AI Stocks Are Already Inside the Empire.
There are lots of ways to invest in enterprise artificial intelligence (AI) without getting caught up in the SpaceX hype.
SpaceX Just Identified a $22.7 Trillion Enterprise AI Market. These 2 AI Stocks Are Already Inside the Empire.
Overview
Space Exploration Technologies (NASDAQ: SPCX), or SpaceX, is having a huge week following the biggest IPO in history. The company raised a record $85.7 billion when it went public on June 12 and debuted with a market capitalization of more than $2 trillion.
And it's just been going up from there. SpaceX has now overtaken Amazon in market cap, with a market cap approaching $3 trillion. Currently, SpaceX has the fifth-largest market cap among all publicly traded companies.
Details
One of the reasons SpaceX is flying so high is the tremendous market opportunity -- in its prospectus, SpaceX says it "identified the largest actionable total addressable market (TAM) in human history," putting the figure at an incredible $28.5 trillion.
Source
Originally published at www.fool.com.
