AIThe Motley Foolabout 5 hours ago
SpaceX Stock Soared 19% on Market Debut
1 min read
SpaceX went public on Friday, June 12, and ended the day with a 19% gain, reaching a $2.1 trillion market cap. The company sees its biggest financial opportunity in AI, with a $26.5 trillion addressable market, not space. However, SpaceX generates very little revenue relative to its enormous valuation.
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