Corrie Driebusch
speaker
254 appearances
4 recordings
2 series
first heard Apr 2026
last heard 13 Aug
Corrie Driebusch’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Jun 2026 with 2.
Appearances
SpaceX, in its current iteration, is unprofitable.
You're buying in to what it could be, not what it is right now.
One thing that's been fascinating about SpaceX for the many years that I've been watching the company is it's been notoriously so secretive about its finances.
So the majority of pre-IPO investors have been in the dark about how much it made or lost.
When you think of SpaceX, even just the name, you think of rockets and space travel.
But the part of the business that's really propping up the company right now is actually much more boring.
That's the constellation of satellites that provide high-speed internet to people all over the world, even in very remote locations.
So yes, SpaceX has its famous space business, which includes rockets.
Then it also has Starlink.
And then the final real segment of the business is earlier this year, it acquired another Musk company, XAI, the maker of Grok.
So it now has this artificial intelligence segment, which is unprofitable.
I mean, Morningstar came out and put out a valuation that was significantly low.
I think it was below $800 billion, they said, was the more reasonable valuation.
So the future of SpaceX, if you believe these analysts, is the AI segment, this really unprofitable, very new segment to the company.
And by 2027, research analysts at the two banks that are leading the IPO, Goldman Sachs and Morgan Stanley, they both project the company's revenues from AI to eclipse the revenues from SpaceX.
and satellite segments.
And by 2035, Morgan Stanley Research Analysts projected AI to bring in around $1.1 trillion in revenues.
So again, you can believe it or not, but that all goes into this $1.77 trillion valuation.
So part of what SpaceX is focusing on right now is not necessarily like your chatbot.
Obviously, they have Grok, but what they include in part of their AI business is seeing this future of operating AI data centers in space.
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