SpaceX stock rises 5%… Musk targets $500 billion in annual AI revenue
SPCX Space Exploration Technologies Corp
$146.27 +9.74%
View chart & analysis → - 1SpaceX (SPCX) shares climbed 5% on Wednesday after CEO Elon Musk unveiled plans to expand the company's AI business
- 2Musk said AI revenue could surpass the combined revenue of other businesses as early as September and reach up to $500 billion annually
- 3AI could account for about 99% of corporate value within five years, with a goal of 10x AI capacity and 10 gigawatts by the end of 2027
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