SpaceX, Cursor, and Reflection AI: The New AI Empire Wall Street Isn't Modeling Yet
Yahoo Finance ·
Space Exploration Technologies ( SPCX +4.15% ) , better known as SpaceX, has grand ambitions to eventually help mankind colonize Mars, and much of the attention surrounding the company is, understandably, focused on its rocket business. But a growing part of SpaceX's opportunity lies in its neocloud business, through which it rents out capacity from its high-performance data centers. Here's what some investors may be missing about SpaceX's growing AI empire. Recent research from Gartner estimates that by 2030, neocloud providers like SpaceX will hold 20% of the $267 billion AI cloud market. And the recent moves by SpaceX could help the company become a key player. First, the company's $60 billion purchase of Cursor, an AI coding company, helped bolster SpaceX's Grok AI software and make its development capabilities more robust.
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