Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk says that the commercial space flight giant could potentially become worth more than the entire planet Earth if it can achieve its goals.
SpaceX to Exceed Earth’s Value?
On Thursday, user @ThomasAlxDmy took to the social media platform X, expressing his take on the xAI–Anthropic deal, which sees Anthropic paying a total of $45 billion through May 2029 to SpaceX to use its compute capacity at the Colossus and Colossus II data centers.
“I wonder if History will look back at this $7.5-40B Anthropic/SpaceXai deal as the biggest unforced error of the AI era,” the user said, while also outlining that the deal could hinder Anthropic’s IPO as users could transfer most token exchange to SpaceX and “Claude is only used for the top tasks.”
Musk responded to the user, sharing his own take on the matter. “You don’t seem to understand that SpaceX will be worth more than the rest of Earth if we accomplish our goals,” he said in the post.
SpaceX Touts New AI Satellite
On Thursday, SpaceX also revealed renderings of the company’s AI1 satellite, part of its Starmind constellation, which is a constellation of satellites dedicated to AI compute.
The satellites will support chips from all providers and possess a 150 kW peak compute payload, as well as an average payload compute of 120 kW. The satellites will have a wingspan of 70 meters and have a 150 kW solar array.
The Starmind constellation will be interconnected via laser links, which will beam AI compute back to the Earth’s surface via its Starlink satellite internet service. The satellites will also have “deployable liquid radiators,” which would “reject heat into the vacuum of space,” according to the Starmind website.
Notably, Musk has been a staunch supporter of orbital AI compute, most recently saying it was the only way to overcome Earth-based bottlenecks to AI compute. “Space is the only way to scale at scale,” the trillionaire had said.
Benzinga Edge Rankings show SpaceX fails to provide a favorable price trend in the Short, Medium and Long term.
Price Action: SpaceX shares were up 0.06% at $152.25 during the after-hours session on Thursday.
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