To add to parent post
SpaceX is valuing itself at $28.5 trillion,
$370 billion of that comes from launches.
$1.6 trillion comes from Starlink
$26.5 trillion (~90%) they are attributing to their share of the AI market
SpaceX brought in ~$20 billion in revenue in 2025, but it spent $13 billion on AI data centers, models, GPU's etc. Q1 of this year AI spend
So its an AI company that might also launch spaceships. Or more specifically launching spaceborne data centers. Maybe the case to be made is that ground based data centers are likely to hit a limit in the availability of power infrastructure in the next 1-2 years. i.e. not enough powerplants, nor transformers, nor transmission lines. SpaceX steps in with some pretty expensive orbiting compute and sells that to Anthropic, OpenAI, Microsoft.
However, I just don't know that SpaceX will be able to launch enough GPU's to make that dollar math work out. And there is the "how does this work in the vacuum of space" part. Reliability, etc. More likely is that there will be
-improvements in the software & hardware to increase efficiency.
-Not every use-case requires AGI, smaller on prem AI's with limited functionality will flourish.
-Firms like Microsoft, Apple, Google, will reduce the AI feature set to only worthwhile areas in their applications, reducing spend
-Data centers will be built overseas in low cost of energy areas
and so forth. it may be the case the AI market cools dramatically before SpaceX can capitalize on it.
Also, you'll have other, better positioned AI companies like Anthropic going public soon to take some wind out of the SpaceX AI investment sails. Open AI has missed the boat, but their IPO will still happen and more billions of investments
Also, also SpaceX will be too big to be meme-y like Tesla was. Musk gets worse the older he gets too.
For those reasons I'm out.
Yes, I've missed out on TSLA 115% rise over five years, but boy I have been able to sleep fine those years with my risk adjusted, but still well performing boring investments