SpaceX's $1.6 Trillion Opportunity Could Be More Valuable Than Its AI Business
It has a solid foundation and a lot of potential to build this huge business.
Overview
Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, has been receiving a lot of attention for its deals to sell compute capacity to artificial intelligence (AI) companies, including Anthropic and Alphabet. So far, it holds contracts worth about $28 billion in annual revenue.
In its in initial public offering (IPO) registration statement with the Securities and Exchange Commission, SpaceX said the total addressable market for its AI businesses is $26.5 trillion. That includes a $2.4 trillion infrastructure market, where SpaceX eventually plans to extend from terrestrial data centers to solar-powered orbital data centers, and a huge opportunity to sell enterprise AI applications.
Details
But things change quickly at SpaceX, and it's reportedly pursuing an opportunity in a $1.6 trillion market that could prove even more valuable than its AI operations. Here's what investors need to know.
Source
Originally published at www.fool.com.