Elon Musk Says AI Will Be SpaceX's Biggest Business by September: Does the Math Check Out?
benzinga_article·- SpaceX CEO Elon Musk forecasted that artificial intelligence revenue will exceed all other company revenue as soon as September and significantly surpass the rest of the business in the fourth quarter. - The company targets a roughly $100 billion annualized revenue run rate by the end of the year, supported by expectations of having more than two gigawatts of compute capacity online. - Industry estimates and rapid data center deployment capabilities underpin this growth, as SpaceX leverages its speed to charge premium prices for AI computing capacity compared with conventional developers.Just Announced: SpaceX and Nvidia Teaming Up on New Orbital AI Data Center
Motley Fool·- SpaceX and Nvidia are partnering to design the compute payload for Starmind AI1, the first satellite in a planned orbital AI data center network. - The initial satellite will feature Nvidia's Vera CPUs, Rubin GPUs, and Vera Rubin NVL72 rackscale system, with launches targeted to begin next year. - The project aims to leverage space's solar and thermal conditions to lower computing and cooling costs, though scaling up to a projected 1 million satellites will face significant technical and timeline challenges.Flagship Wealth Advisors LLC Sells 7,112 Shares of Tesla, Inc. $TSLA
Market Beat·- Flagship Wealth Advisors LLC reduced its holdings in Tesla, Inc. by 71.1% in the first quarter, retaining 2,893 shares valued at $1,075,000. - Tesla recently reported quarterly revenue of $28.24 billion and earnings per share of $0.33, alongside ongoing institutional investment and varied analyst price targets. - The company faces mixed market sentiment driven by production milestones, safety investigations, and speculation regarding potential strategic shifts.