SpaceX’s IPO filing – the biggest in history – shows AI’s next trillion-dollar trade is infrastructure, not software, affirms the CEO of global financial advisory giant deVere Group.
The analysis from Nigel Green comes as SpaceX prepares a major fundraising round expected to value the Elon Musk-led company at around $400 billion, a figure that makes it one of the most valuable private companies in history and underlines the scale of investor appetite surrounding the infrastructure powering the artificial intelligence boom.
He comments “The market is entering a new phase in the AI cycle, one in which the biggest opportunities are no longer concentrated solely in software developers or chatbot platforms, but in the physical systems required to sustain the rapid expansion of AI globally.”
He argues that investors are now beginning to understand the sheer scale of infrastructure spending AI will require over the next decade.
