Writing Nvidia has been one of the biggest winners of the AI boom, but the market may soon enter a new phase. With the potential IPO launches of companies like SpaceX and OpenAI, global capital could begin rotating toward the next generation of “once-in-a-decade” listings. These are not just normal IPOs — they are trillion-dollar narratives tied to AI, infrastructure, robotics, space technology, and future computing. For the past two years, Nvidia has been the primary gateway for investors wanting exposure to AI. Every major AI company needed Nvidia chips, which pushed Nvidia into becoming one of the most valuable companies in the world. But once companies like OpenAI and SpaceX become publicly tradable, investors may no longer need indirect exposure through Nvidia alone. A large amount of
SpaceX is shaping up to be one of the biggest IPOs in history. Between Starlink’s explosive growth, reusable rocket dominance, AI ambitions, and Elon Musk’s vision for space infrastructure, many investors see it as a once-in-a-generation company. Reports suggest valuations ranging from $1.5T to even $2T ahead of a possible IPO. But the big question is: is it still a good buy at these levels? Personally, I think the long-term story is still incredibly strong. Starlink alone is becoming a massive global cash-flow machine, and SpaceX basically has no real competitor at its scale right now. That said, the hype is also huge. At a multi-trillion-dollar valuation, a lot of future growth may already be priced in. History has shown that even great companies can pull back hard after IPO euphoria fad
AI is no longer just a trend — it’s becoming the foundation of the next industrial era. What stands out to me is how hyperscalers like Amazon, Alphabet, Microsoft and Meta are doubling down on infrastructure spending instead of slowing down. That level of capex tells me the race for AI dominance is only accelerating. At the same time, this creates a huge demand for stable and scalable energy, which is why the nuclear narrative is gaining momentum again. Between CCJ and SMR, I personally lean more towards Cameco over NuScale Power for now. SMRs have exciting long-term potential, but commercialization, regulatory hurdles, and execution risks are still major question marks. Sometimes the best investment isn’t the most exciting story — it’s the one with stronger fundamentals and clearer real-w