Two Stocks Poised for Growth in SpaceX’s $26.5 Trillion AI Venture

Key Points

• SpaceX estimates a total addressable market of $28.5 trillion, with $26.5 trillion specifically attributed to artificial intelligence (AI).

• The company is set to launch a constellation of AI data center satellites, partnering with Nvidia for processing capabilities.

• Tesla holds 19 million shares in SpaceX, valued at approximately $2.57 billion based on an IPO price of $135 per share.

SpaceX’s upcoming initial public offering (IPO) highlights its potential in AI, estimating a $26.5 trillion market. The company plans to establish a satellite-based data center network, gearing up for significant infrastructure needs in AI, leveraging Nvidia’s technology. Currently, SpaceX operates a data center in Tennessee using over 220,000 Nvidia GPUs, with significant collaborative agreements that could shape future tech innovations.

Tesla, which owns shares in SpaceX, aims to benefit from shared chip manufacturing as SpaceX develops its own semiconductor facility in Texas. This facility is expected to supply chips for Tesla’s Optimus robots and full self-driving technology, supporting a production goal of up to 10 million robots annually. The global robotaxi market is projected to be worth $415 billion by 2035, further positioning Tesla for competitive advantage in the automotive technology space.