tomorrow spaceX will raise 3X the largest IPO in history. $75 billion & elon becomes the worlds 1st trillionaire.
the craziest part is i think its undervalued (just hear me out)
- their ai1 satellite is the answer to “will ai datacenters work”. the satellite is a 72 gpu rack, they’re launching 1M of them totalling 120 GW of compute
that’s 4X total ground data centers.
right now the launch costs are more expensive but assuming they bring cost down to $200K per rack it ends up being cost-competitive to data centers on earth
best part is the GPU racks are interchangeable meaning google tpus, amazon tranium and whatever else is welcome. chip-agnostic.
anthropic, cursor and google alone will pay spacex $50-100B over the next year for access
there’s obviously a lot of execution risk but no one scales hardware 0-1 as aggressively as elon.
the core constraints in ai are compute, memory, power and distribution.
spaceX excels at 3/4 of these. it’s an index bet on AI infrastructure.
SpaceX (@SpaceX)
Teams are go for launch with a $135 price per share for the SpaceX IPO → spacexipo.com/#priceannounce…
— https://nitter.net/SpaceX/status/2065154746810327356#m