Key takeaways

  • SpaceX becomes a victim of the "sell-AI trade."
  • Elon Musk made a bold bet on artificial intelligence when he IPO'd Space Exploration Technologies (SPCX) in June, highlighting a total addressable market for "Super Intelligence" worth $26.5 trillion.
  • Investors are worried that a Democratic Congress might impose new regulations on artificial intelligence in general and on data centers in particular, putting a big chunk of SpaceX's business at risk.

SpaceX went public in June boasting of a $26.5 trillion total addressable market in AI. Elon Musk bet the company on AI.

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