SpaceX S-1 Filing Shifts Focus to AI Business Market

In a new S-1 filing (reuters.com/world/spacex-.. (https://www.reuters.com/w..)) viewed by Reuters, appears to be moving away from its namesake and toward the hottest thing in Silicon Valley today — AI for businesses. In the new filing, SpaceX estimates its total addressable market could be worth as much as $28.5 trillion. Of that staggering figure, the space-turned-AI company estimates that more than 90 percent of it could come from AI services. More specifically, from AI for enterprises. A TAM estimate can help investors evaluate a company’s potential, but offers no guarantee for how well it will actually perform. So while SpaceX brags about identifying the largest actionable TAM “in human history” in its filing, it still has a long way to go to get there.