
A senior analyst at the Center for Financial Research and Analysis estimates that xAI accounts for 71% of SpaceX's $2 trillion market cap. The analyst described the AI growth projections as "almost comical" and said he hopes investors did not give that number weight. Grok's adoption trails OpenAI and Anthropic.
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Summary by ByteBrief
SpaceX IPO: The Valuation Rocket That Flew Too High