SpaceX and Alphabet are dumping billions into AI — ride the infrastructure wave
SpaceX is aiming for a record-breaking $75 billion IPO later this month to fund AI and space projects, while Alphabet just upsized its own stock sale to $85 billion to dominate the AI arms race.
Idea
Wall Street's biggest companies are going to unprecedented lengths to raise cash for artificial intelligence. Alphabet is raising a staggering $85 billion, and SpaceX is using its record IPO to fund AI initiatives. This tsunami of new money flowing into the sector means the companies that supply the physical data centers, chips, and power for AI are practically guaranteed a surge in new orders. Even if the broader stock market pulls back, this massive corporate spending acts as a safety net for AI hardware and energy suppliers, making their stocks highly attractive right now.