Anthony Macdonald

That's one of the big AI frontier models that Musk started up, which owns Grok.

People probably heard of Grok.

It's like a, you know, Anthropix Claude or OpenAI's ChatGVT.

SpaceX and XAI came together late last year to create basically a big ass tech company that's kind of part space, part connectivity, part AI.

And AI is going to make the space possible because of the AI's power.

So it's all very Elon Musk, James, in the same way that Tesla is kind of part carmaker, part batteries company, part automation technology.

It's really focusing on that data, AI.

It wants to put data centers up in space.

And that's what it's spending most of its capex on, data centers today.

The numbers are huge, James.

The valuation's giant.

This thing's only really just getting started, though.

I mean, it generated about US $20 billion of revenue last year, which is a lot of money, but it's not for a supposedly $2 trillion company.

Yes, good point.

You pick this out in your column.

The most stunning number in that prospectus

Whereas what it says is the total addressable market at US $28.5 trillion.

Yeah.

And the bulk of which is AI.

Like that is giant.