tech
SpaceX is barely Space and mostly X
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TL;DR
- SpaceX's revenue is primarily from telecom (Starlink) and compute leasing, not its space sector.
- Starlink generated $4.2 billion in revenue and was the only profitable part of SpaceX's operations.
- The 'neocloud' business, leasing data center capacity to AI companies, is a major focus and investment area.
- SpaceX is leasing data center space to companies like Google and Anthropic, aiming for $100 billion in annualized revenue.
- The company's own AI, Grok, is not the primary user of its compute resources.
- Future plans include orbital data centers and a mass accelerator on the Moon, which the author views as speculative 'vaporware'.
- SpaceX provides Tesla with significant business, including battery storage and Cybertruck purchases.
- Concerns exist about insider lockups expiring and potential stock price drops.