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Forget Rockets. This Is The Real Reason Wall Street Can't Stop Buying SpaceX.
['Leo Sun', 'The Motley Fool', 'August', 'Min Read']
Yahoo Finance
SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, went public in the largest IPO in history on June 12.
It initially soared from its IPO price of $135 to a record closing price of $211.39 on June 16, but now trades at about $108 per share.
How SpaceX could evolve over the next decadeSpaceX generates most of its revenue from Starlink, its satellite internet service.
Still, it could become a cohesive one as it unifies its terrestrial data centers, solar-powered orbital data centers, and xAI's AI infrastructure and generative AI tools.
If it achieves that, it would become the world's only end-to-end provider of space transportation, internet satellite, and AI infrastructure services.