Peter Diamandis: @SpaceX has the potential to become the world’s first $10 trillion company “Well, if anybody can do it, Elon can. I think this has the potential to really be the first $10 trillion company out there and growing. He’s building civilizational-level infrastructure. The challenge is, I don’t think the market knows how to value this company. It’s not a company, it’s really four different businesses wrapped into one vertical, and you have to look at each individually. “The first business is global communications with Starlink. Starlink is going to deliver global gigabit connectivity to the entire planet, billions of individuals. They’re just making a dent right now. Then they’re going direct satellite-to-cell phone. As Gwynne said on the earnings call yesterday, that’s a $600 billion level of revenue potential, and they expect to take a chunk of that. “The second business is delivering AI compute. They’ve already signed up $20 billion in annualized revenue, and they’re building faster than anybody else. They announced two gigawatts of compute by the end of this year and are shooting for upwards of 10 gigawatts next year… Elon said they’re launching their first AI satellites in partnership with Nvidia in 2027, much faster than anybody thought.”

Peter Diamandis in a new interview on CNBC this morning said @SpaceX has the potential to become the world’s first $10 trillion company. "Well, if anybody can do it, Elon can. I think this has the potential to really be the first $10 trillion company out there and growing. He’s building civilizational-level infrastructure. The challenge is I don’t think the market knows how to value this company. It’s not a company. It’s really four different businesses that are wrapped into a vertical, and you have to look at each individually. The first business they’re in is global communications with Starlink. Starlink is going to be delivering global gigabit connectivity to the entire planet, billions of individuals. They’re just making a dent in that regard right now. And then they’re going direct satellite-to-cell phone. As Gwynne said on the earnings call yesterday, that’s a $600 billion level of revenue potential, and they expect to take a chunk of that. If you can be driving anywhere on the planet, in the middle of the mountains or in the middle of the outback, and get cell phone connectivity, that’s the service I’m going to want to use on a global basis. So the telecom industry on its own has the potential to deliver a large chunk of that. The second business that they’re in is as a hyperscaler delivering AI. They’ve already signed up $28 billion of annualized ARR in terms of revenue for that business, and they’re building out faster than anybody else is doing it. They announced yesterday they’ll be at 2 GW of compute at the end of this year and shooting for upwards of 10 GW by next year. And that business alone is where they’re going to be having probably the greatest amount of revenue, especially as they go beyond that to building orbital compute. Surprisingly, Elon said they’re going to be launching their first AI satellites in partnership with Nvidia in 2027, much faster than anybody thought they would. And if they hit their numbers, we’re talking about an infrastructure of AI compute in space that’s going to be serving all of the hyperscalers, because no one’s going to be building that fast."

“Peter Obi called me today for the first time. I love Obi. Nobody can see into a man’s heart because the heart of man is desperately wicked. But I am not one of them.” — Isaac Fayose

Peter Diamonds on @elonmusk today: "I would never ever ever bet against Elon. Elon is not driven by money. He’s driven by solving problems, and at the end of the day, the money comes because he’s building and solving global issues, the world’s biggest problems, the world’s biggest business opportunities. He’s one of the greatest wealth creators. He’s made 5000 SpaceX employees into millionaires, he’s made hundreds of them into centimillionaires, maybe billionaires. I think it’s going to be just an extraordinary story for the decade ahead. This is a multi decade, multi generational wealth creation engine."