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.
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.