SpaceX Just Spent $60 Billion on Artificial Intelligence (AI). Could Elon Musk Be Building the Next Amazon?
Key takeaways
- Adam Spatacco, The Motley Fool Mon, June 29, 2026 at 12:07 AM GMT+7 5 min read AMZN SPCX NVDA In the early days of online shopping, Amazon (NASDAQ: AMZN) was a simple website that sold books.
- Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) is following a similar path.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
Adam Spatacco, The Motley Fool Mon, June 29, 2026 at 12:07 AM GMT+7 5 min read AMZN SPCX NVDA In the early days of online shopping, Amazon (NASDAQ: AMZN) was a simple website that sold books. In the years that followed, the company expanded its marketplace into a more comprehensive e-commerce platform. That eventually helped pave the way for the launch of its cloud infrastructure platform, Amazon Web Services (AWS). This chain of events quietly turned Amazon into an essential digital infrastructure provider -- driving trillions of dollars in market value.
Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) is following a similar path. While SpaceX began with rockets that made it cheaper to get payloads into orbit, the company now also offers global internet connectivity through its Starlink business and is building large artificial intelligence (AI) data centers.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »