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SpaceX is marketing itself to IPO investors as an artificial intelligence play targeting a $26.5 trillion potential market opportunity, signaling its intention to wrest business from investor darlings whose valuations have soared.

The company, formally known as Space Exploration Technologies Corp., leaned heavily on its ambitions in the ever-expanding AI market in its initial public offering filing Wednesday. Out of a $28.5 trillion total addressable market across its businesses, SpaceX sees AI opportunities accounting for 93%, with enterprise applications accounting for the vast majority. Space, Starlink internet and mobile would contribute close to $2 trillion.

Elon Musk’s rocket, satellite and AI company is effectively basing its pitch for the biggest IPO in history on the idea that it can capture a huge share of the market from the likes of OpenAI, Anthropic PBC and Alphabet Inc.’s AI systems: technology that will eventually automate large swaths of white-collar and administrative work, creating a massive market for software that can perform digital tasks traditionally handled by humans.

On this episode, Carol and Tim speak with:

Ed Ludlow, Bloomberg Tech Co-Host
Gautam Bhandari, Co-Founder, Managing Partner & Global CIO at I Squared on data from the ISQ OpenInfra Index, showing survey results of financial advisors who work with alternative investments
Tripp Hornick, Principal, Quince Street Strategy on national security, critical minerals policy, global supply chain risk mitigation of the Trump administration
Dr. Danish Nagda, CEO of Rezilient Health on Rezy AI health care platform and health care technology

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SpaceX Joins Battle for Control of $26.5 Trillion AI Market

Bloomberg Businessweek

SpaceX Joins Battle for Control of $26.5 Trillion AI Market