Key Points
SpaceX (NASDAQ: SPCX) achieved a historic IPO on June 12, raising $85.7 billion and reaching a market capitalization of over $2 trillion. The company’s market cap has since surged to nearly $3 trillion, making it the fifth-largest publicly traded company.
In its prospectus, SpaceX identified a total addressable market of $28.5 trillion, with $26.5 trillion (93%) of that attributed to artificial intelligence (AI), focusing on a $22.7 trillion market for enterprise AI applications.
Palantir Technologies (NASDAQ: PLTR) reported Q1 revenue of $1.63 billion, up 85% year-over-year, with U.S. commercial revenue increasing 133% to $595 million. Meanwhile, Microsoft (NASDAQ: MSFT) announced fiscal Q3 revenue of $82.9 billion, representing an 18% increase, driven by its AI tools like Copilot, which saw a 250% year-over-year increase in user adoption.
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