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A New Artificial Intelligence (AI) Company Has Cracked the Top 5 Most Popular Stocks on Robinhood

The Motley Fool·
A New Artificial Intelligence (AI) Company Has Cracked the Top 5 Most Popular Stocks on Robinhood

SpaceX has entered the top 5 most-owned stocks on Robinhood (ranking #4 as of Aug. 11), driven by its recent massive IPO raising $86 billion and retail investor enthusiasm. The company's valuation of $1.88 trillion reflects investor conviction in its space exploration capabilities, Starlink satellite internet business with 12 million subscribers, and its newly acquired AI division with a claimed $26.5 trillion total addressable market. However, the investment remains highly speculative, dependent on SpaceX achieving ambitious goals like making Starship fully operational for frequent space launches and successfully scaling AI data center operations.

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