Comment by pseudosavant
16 days ago
Based on the disclosed financials by SpaceX, they have made $48B in revenue since 2023 with a cumulative loss of -$41.3B.
And yet, based on stock price and market cap, they are worth about as much as Microsoft. Microsoft generated $80B of revenue and $31B in profits...per quarter last year. SpaceX will never, ever, generate $124B+ in annual profits.
What all the SpaceX naysayers don’t understand is that they effectively have a monopoly on selling drugs to aliens. Think about it, man.
Until the alians realize this and throw the drugs in the harbor, leading the a US vs alians war to open them up for free markets access. Not sure this can actually realize their ambition.
What about the compute deals? $3.1B a month for half their compute? Elon built $6B of rev in 122 days. What can he do now that he's got a $85B war chest of cash?
Buying NVidia gear early and renting it out isn't exactly business model. Like what is their moat? While literally everybody is bidding up hardware?
The only way you can see this continue as a model if space based data-centers actually can beat everything land based. And that is very questionable.
> What can he do now that he's got a $85B war chest of cash?
Increase the profit of Micron and NVidia?
>Buying NVidia gear early
xAI was retardedly late to the party. When Elon Musk founded xAI in July 2023, competitors had already spent years buying up massive silicon footprints and locking down cloud partnerships.
OpenAI had a 3 year lead, anthropic 2.5 years, and google was building TPU's since 2015... what are you talking about?
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They have quite short cancellation notices and there is a question why do you need to rent it if you are an ai company? How is it grok not running the world using that compute.. And possible cancellation will erase a large income stream, think when gpus get old or sooner when Google does not need it anymore.
>there is a question why do you need to rent it if you are an ai company
Uhhh... $3.1B a month for $20b in capex sound like the best investment ever?
The compute deals are going to go the same way as all those data centers that openai said they would need to build.
The compute deal is for their depreciating hardware.
Matter of time before its no longer considered good enough by the main players.
Anthropic are building their own Datacenters so it's a stop gap
an RTX 3090 or older Quadro/Tesla enterprise cards are still selling/ renting... 5 year depreciation is only for tax purposes.
Anthropic is not building their own datacenters... They are mainly giving equity for colocation with AWS. I cant find one example of them ground breaking on anything... Can you give me a source?
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