SpaceX, founded more than two decades ago, has been publicly traded for 45 trading days, but investors are still struggling to categorize this stock. The company’s shares do not trade like Big Tech stocks and their correlation with the space sector remains mixed. SpaceX combines a standard rocket-launch business with a growing satellite-communications offering that could threaten the telecommunications industry. After acquiring xAI, the company is also ramping up its artificial-intelligence efforts.
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