"With SpaceX combining with xAI, an AI firm that would be worth a fortune itself, the stage seems set for the biggest IPO of all-time, with a target valuation that might hit $2 trillion on the upside."
"The company isn't just on the cutting-edge of tomorrow's tech; it's actually making money from industries (think SpaceX and Starlink) that the rest of the corporate world seems eager to break into."
"I view the name as more than a hype-driven titan. SpaceX certainly sounds more magnificent than anything in the Mag Seven."
Elon Musk's ventures extend beyond Tesla, with SpaceX and xAI poised for a significant IPO that could exceed a $2 trillion valuation. This development comes as Tesla faces pressure in sales and stock performance. The merger of SpaceX and xAI is expected to reshape the S&P 500, marking a new era in the stock market. SpaceX's innovative technologies and profitability in satellite and rocket industries position it as a formidable player, potentially offering Tesla shareholders a new investment opportunity.
Read at 24/7 Wall St.
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