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SpaceX Stock Price Prediction Ahead of November 19 Anthropic IPO: Bullish or Bearish for SPCX?

By Muthoni Mary

SpaceX (NASDAQ: SPCX) stock price is in focus ahead of the Anthropic Initial Public Offering (IPO) on November 19. SpaceX is exposed revenue-wise to Anthropic. Analysts are also warning that if the IPO underperforms, it could lead to target cuts for other AI stocks including SPCX. SPCX shares closed trading at $139 on…

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Initial public offering

The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.

An IPO raises money for the company and lets early owners and investors sell part of their stake.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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