SpaceX and Alphabet pour $160 billion into AI — load up on the hardware suppliers
SpaceX is launching the biggest IPO in history to raise $75 billion for AI and space tech, while Google's parent company Alphabet just raised $85 billion to spend on artificial intelligence. This massive wave of spending is a huge catalyst for the companies that build the hardware powering AI.
Idea
The AI arms race is hitting a new peak as Alphabet floods the market with an $85 billion war chest just days after SpaceX announced its $75 billion mega-IPO specifically to fund AI development. This massive injection of capital will largely flow to the foundational hardware and chipmakers that make artificial intelligence possible. With Nvidia already generating historic profits from this exact trend, this fresh wave of mega-spending acts as a green light for a continued upward surge in AI-related stocks.