SpaceX IPO Fears Are Overblown, But the AI Bet Is Real

Brett Eversole argues that concerns about SpaceX's $75 billion IPO causing market disruption are overblown, given the scale of daily market volumes and private capital absorption. However, the real story is SpaceX's $26.5 trillion addressable market in enterprise AI, not its space business. The company may face a 30-40% pullback within 12 months similar to Meta's 2012 IPO, but represents a longer-term AI infrastructure play as the market enters Phase Two of enterprise AI adoption.