**SpaceX Trading Performance Post-IPO**
SpaceX (NASDAQ: SPCX), Elon Musk’s aerospace company, has recently seen its stock remain roughly flat since public trading began in June, despite its aggressive entry into the market and bold ambitions for AI and space colonization. With a current valuation at 64 times sales, analysts predict minimal profitability this year, forecasting earnings of just $0.09 per share.
**AI Investments and Future Plans**
Following its merger with xAI, SpaceX plans to invest heavily in artificial intelligence, aiming for 10 gigawatts (GW) of AI compute capacity by 2027. This ambitious goal is intended to support various projects, including orbital data centers, and highlights a potential $27 trillion addressable market for AI applications.
**Comparison with Nvidia**
In contrast, Nvidia (NASDAQ: NVDA), which recently reported a 106% revenue growth, is gaining traction as an indirect investment opportunity linked to SpaceX. The company trades at 18 times next year’s projected earnings per share, illustrating a more favorable valuation compared to SpaceX, which relies significantly on its AI growth prospects.
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