Elon Musk has delivered massive multibagger gains for long-term Tesla shareholders, though the stock is down by more than 20% so far this year. The question for many is whether he can do the same for ******* e Exploration Technologies (NASDAQ: SPCX) shareholders. After making its debut earlier this summer, ******* eX has become a battleground stock, with some investors thinking the $1.85 trillion market cap company will be worth trillions more in years to come, while others think it is grossly overvalued.
Which team is right? Here is what a $5,000 investment in ******* eX stock today could be worth by 2030.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The company's name might be ******* eX, but its future hinges on its massive investments in artificial intelligence (AI). Since it acquired xAI (which, it should be noted, was also controlled by Musk) early this year for $250 billion, ******* eX has embarked on a massive build-out of data centers for AI infrastructure. This will allow it to meet its own needs for the Grok chatbot and sell computing power to third parties.
Its AI revenue was $2.5 billion last quarter, up from $737 million a year earlier. Capital expenditures for ******* eX's AI segment totaled $15.8 billion in the second quarter alone, a massive amount that it hopes will translate into revenue growth in the near future. It has signed deals to supply computing power to the likes of Alphabet and Anthropi, and on the Q2 conference call, Musk said he believes ******* eX is on pace to reach $100 billion in annual recurring revenue by the end of this year. By 2030, he expects ******* eX's total revenue to reach $1 trillion.
#year #signal #Stock #down
Which team is right? Here is what a $5,000 investment in ******* eX stock today could be worth by 2030.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The company's name might be ******* eX, but its future hinges on its massive investments in artificial intelligence (AI). Since it acquired xAI (which, it should be noted, was also controlled by Musk) early this year for $250 billion, ******* eX has embarked on a massive build-out of data centers for AI infrastructure. This will allow it to meet its own needs for the Grok chatbot and sell computing power to third parties.
Its AI revenue was $2.5 billion last quarter, up from $737 million a year earlier. Capital expenditures for ******* eX's AI segment totaled $15.8 billion in the second quarter alone, a massive amount that it hopes will translate into revenue growth in the near future. It has signed deals to supply computing power to the likes of Alphabet and Anthropi, and on the Q2 conference call, Musk said he believes ******* eX is on pace to reach $100 billion in annual recurring revenue by the end of this year. By 2030, he expects ******* eX's total revenue to reach $1 trillion.
#year #signal #Stock #down
23 days ago
