SpaceX's Thesis Sounds Far-Fetched. Is There Any Way This Company Could Ever Make Money?
Sometimes, space is not the answer.
SpaceX's Thesis Sounds Far-Fetched. Is There Any Way This Company Could Ever Make Money?
Overview
There's an old adage that if you're a hammer, everything looks like a nail.
Details
Well, maybe when you're a rocket company, everything looks like an opportunity to launch things into space. That seems to be true for SpaceX (NASDAQ: SPCX), which has scheduled its initial public offering (IPO) for today. The company's estimated $1.75 trillion valuation rests on the premise that launching things into space will help it capture a $26.5 trillion artificial intelligence (AI) market.
Source
Originally published at www.fool.com.
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