The IPO prospectus cites a total addressable market of about $28.5 trillion, with more than 90% of opportunities in AI, reinforcing SpaceX’s positioning as an AI stock despite its space origins.

In summary, SpaceX’s AI push tied to its IPO could spur near-term demand for AI hardware and infrastructure from NVIDIA, while strengthening strategic AI ties and financial relationships with Tesla.

Since its IPO and bond offerings, SpaceX has raised over $100 billion to deploy toward artificial intelligence growth initiatives.

Tesla invested $2 billion into xAI, which merged with SpaceX, aligning Tesla’s AI and autonomy goals with SpaceX’s AI capacity to accelerate joint development and robotaxi opportunities.

NVIDIA is highlighted as a dominant AI hardware supplier, holding an estimated 85% share of AI data center GPUs, and SpaceX/xAI’s data-center growth is expected to lift NVIDIA’s revenues through higher GPU demand.

SpaceX’s IPO proceeds are expected to be largely funneled into AI growth initiatives, benefiting key AI suppliers, notably NVIDIA and Tesla, as the company positions itself as an AI-focused stock.

SpaceX has heavily integrated NVIDIA GPUs in its Colossus data centers, with Colossus 1 housing over 220,000 GPUs, and a new deal has an AI company paying roughly $150 million per month to access Colossus 2, signaling strong ongoing GPU demand.

Tesla remains valued at over $1 trillion even as auto sales dip, driven by expectations of future AI and autonomous driving breakthroughs; SpaceX’s post-IPO spending supports Tesla’s AI roadmap and autonomy ecosystem.

Tesla’s close linkage to SpaceX’s AI growth is reflected in large-scale purchases of Tesla Megapacks for SpaceX data centers, tying SpaceX’s AI spend to supporting Tesla’s autonomy and AI ambitions.