Key Points
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Investors flocked to Cerebras, a young and exciting player in the AI chip space.
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The SpaceX IPO offers investors another opportunity to get in on a high-growth company.
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But these players are best suited to investors who don’t mind risk.
The recent IPO of Cerebras Systems (NASDAQ: CBRS) on May 14 saw its stock surge 68% on its first day, opening at $350, higher than the IPO price of $185. Cerebras has secured a $20 billion multi-year contract with AI lab OpenAI and operates in an evolving AI chip market, directly competing with leaders like Nvidia.
SpaceX is reportedly set to initiate its IPO roadshow the week of June 8, potentially leading to an offering valued at nearly $2 trillion. In its prospectus, SpaceX claims a total addressable market of $28.5 trillion, with significant segments in space and AI, while its revenue reached $18 billion last year, up 79%. However, its AI operations reported a loss of over $6 billion, highlighting the associated risks of investment in both companies.
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