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Stock impact report

Exclusive-SpaceX conquered the stars, now eyes bigger opportunity in AI [Yahoo! Finance Canada]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
For its next act, Musk's SpaceX is eyeing an even bigger opportunity in something more prosaic: building artificial intelligence ?for the enterprise. SpaceX estimates that its total addressable market – a closely watched metric – could be as much as $28.5 trillion, according to a S-1 ?filing reviewed by Reuters. TAM is the maximum revenue a company could generate if it captured every customer in a particular market. The S-1 regulatory filing, in which companies disclose their financials and key ?risks before going public, shows that SpaceX expects more than 90% of that market – or $26.5 trillion – could stem from the AI sector. The vast majority of that, $22.7 trillion, could come from AI for businesses. The company is moving ahead with an IPO expected this summer targeting a valuation of roughly $1.75 trillion and seeking to raise about $75 billion, which would make it the largest initial public offering in history. "We believe we have identified the largest actionable total Show less Read more
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