Why SpaceX Could Become the Most Important AI Company Investors Aren't Calling an AI Company
The risks and rewards connected to investing in SpaceX are about more than its space operations.
Overview
In its S-1 filing ahead of its initial public offering (IPO), Space Exploration Technologies (NASDAQ: SPCX) showed its ambitions were far grander than space. Of the $28.5 trillion total addressable market (TAM) it forecasted, $26.5 trillion of that opportunity was in artificial intelligence (AI).
That said, the company is still typically viewed by many as a space company. But that narrow scope could mean missing out on the long-term opportunity SpaceX could offer if it executes on its vision and captures as much of that $26.5 trillion TAM that is possible.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.