- SpaceX opening for trading Friday at $135/share valuing the company ~$1.78T, making Musk potentially the first trillionaire.
- Google is paying SpaceX $920M monthly to access 110K NVIDIA GPUs, which supports Google AI expansion Gemini Enterprise.
- Broadcom stock tanked 12% after issuing underwhelming Q3 AI chip guidance leaving the full-year forecast unchanged.
Elon Musk’s SpaceX is heading toward opening trading at $135 per share, which could value the company at approximately $1.78 trillion. Achieving this valuation might crown Musk as the world’s first trillionaire, reflecting the significant market confidence in SpaceX's future prospects.1
As competition in the artificial intelligence sector intensifies, Google has reportedly committed to paying $920 million monthly to SpaceX. This substantial investment secures access to 110,000 NVIDIA GPUs, vital for powering Google's AI expansion project known as Gemini Enterprise.2
This strategic partnership underscores the increasing reliance among tech giants on advanced AI capabilities, and the pivotal role SpaceX plays in augmenting Google’s AI infrastructure. Meanwhile, other companies in the tech sector, like Broadcom, are experiencing fluctuations, with a recent 12% drop in stock values attributed to disappointing guidance related to AI chip developments.3
“This investment highlights the crucial intersection of advanced technology and financial valuation,” noted an industry expert, emphasizing the impact of growing AI demands across the market. As we see companies racing to enhance their technological capabilities, Musk’s triumph could mark a historical moment in both technology and finance.
“SpaceX is preparing for trading at $135/share, which could elevate Elon Musk to the status of the first trillionaire. Additionally, Google is investing heavily in AI by paying SpaceX $920M monthly for access to 110K NVIDIA GPUs.”
