MARKET INSIGHT · EARNINGS INTELLIGENCEPolaris Earnings CalendarTrack market technicals, follow the S&P 500 outlook, stay ahead of company earnings, and explore crypto technicals—all in one place.

POLARIS EARNINGS CALENDAR

SpaceX Needs Huge Amounts of Power. Here's the Energy Stock to Buy to Play It

When Space Exploration Technologies (NASDAQ: SPCX), usually just called SpaceX, reported earnings, the big number was $16. 4 billion. That's how much money the company spent on artificial intelligence (which it is now calling superintelligence, or SI). That's roughly 10x what the company spent on its space business. AI is just a fancy computer program, so it doesn't exist without electricity. And SpaceX is just one example of a technology company spending massive amounts of money to build AI infrastructure. If you want to get in on the huge demand for electricity highlighted by SpaceX's AI capital spending spree, you should look at Brookfield Renewable (NYSE: BEP) (NYSE: BEPC) .

Read the full account of the story

More from the AI desk

More from AI · Back to Polaris Earnings Calendar