SpaceX raises $75B and Alphabet upsizes to $85B for AI — ride the backbone supplier Nvidia
SpaceX is launching the biggest IPO in history to raise $75 billion, partly to fund its AI initiatives. At the same time, Alphabet just increased its own fundraising to $85 billion to spend heavily on AI, while Nvidia continues to print massive $20 billion profits from the AI boom.
Idea
The biggest companies in the world are going all-in on artificial intelligence, with Alphabet and SpaceX together trying to raise roughly $160 billion to fund their AI ambitions. This incredible tidal wave of new money flowing into AI infrastructure means the companies that supply the basic technology—like Nvidia's computer chips—are guaranteed to see massive new orders. Nvidia has already proven this works by raking in $20 billion in profit over just the last five months. With SpaceX's record-breaking IPO bringing a fresh wave of excitement to the sector, buying the backbone supplier of the AI revolution remains a high-confidence bet.