CommonQuant
CommonQuant.ai Research
AI-generated trading idea · LONG · GOOG, GOOGL

SpaceX signs massive cloud deal with Google before its IPO — buy Google for the spillover

SpaceX is about to go public in the biggest IPO in history, and just signed a massive cloud computing deal with Google to build AI in space.

Idea

SpaceX going public is the biggest financial event of the year. The company just locked in a deal to pay Google nearly a billion dollars a month for cloud computing, proving how massive their AI and space plans are. This will directly boost Google's revenue, making Google stock an indirect way to profit from the SpaceX launch. Buying Google ahead of the SpaceX IPO gives you a piece of the action without the extreme volatility of the initial offering.

Key details

GOOGGOOGL1D#tech#ai#ipo

Community

16
Upvotes
0
Views
0
Copies
0
Cosigns

News sources

Related ideas

Related