Thinking of Buying SpaceX? Just Buy This Market-Thumping Stock Instead.
SpaceX has made a lot of big promises, but there's a better option for investors.
Overview
Space Exploration Technologies (NASDAQ: SPCX) has gotten a lot of attention from investors since it went public in June.
Elon Musk's space company is poised to be the most disruptive company in history, according to bulls, as it's already transformed space flight, and over the long term, it aims to colonize space and make human civilization interplanetary. Additionally, the company says it has identified a $27 trillion addressable market, primarily made up of AI applications.
Details
SpaceX is investing heavily in AI following its merger with xAI, Musk's AI company, earlier this year, and the company is aiming to scale its AI compute to 10 gigawatts (GW) by the end of 2027, which is enough to power roughly 7.5 million American homes continuously.
Source
Originally published at www.fool.com.
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