1 Unstoppable Artificial Intelligence (AI) Stock Poised to Join the $5 Trillion Club by 2029
The rocket company's AI business just outsold Starlink, and a possible Tesla deal could change the math.
SpaceX, the rocket and satellite company founded by Elon Musk, is making waves in artificial intelligence (AI) infrastructure and could join the ranks of the world's first $5 trillion companies by 2029, according to recent financial results. After going public in June, SpaceX raised a record-breaking $85.7 billion, marking the largest IPO in history.
The company's AI division, now called super intelligence, generated $7.56 billion in third-quarter revenue, surpassing its connectivity business, which includes Starlink. SpaceX's AI growth alone makes it a strong contender for the $5 trillion valuation, but a potential merger with Tesla, Elon Musk's electric vehicle company, could accelerate its path to that milestone.
The merged company could develop AI models, train them using SpaceX's infrastructure, and deploy them through Tesla's vehicles and Optimus robots. While reaching $5 trillion is ambitious, SpaceX's rapidly growing AI business and a potential merger with Tesla make it a realistic possibility for 2029.
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