George Hammond
speaker
128 appearances
4 recordings
1 series
first heard Apr 2026
last heard 3d ago
George Hammond’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in Sep 2026 with 1.
Appearances
Yeah, so this is a rocket-making company that is seeking to expand its dominion into space.
Musk has always been very clear that he wants to go and occupy Mars, ultimately.
And the company is, in some senses, just one extensive bet on that project.
So it's currently a rocket-launching business.
It has a satellite business, Starlink.
He has now appended to that a social media company, an AI business.
And particularly the latter of those, the AI business, he believes is going to be the great revenue driver for SpaceX going forward.
And it's really the part of the business that underpins this very, very lofty $1.8 trillion valuation.
Let's just play devil's advocate here.
What happens if SpaceX can't do all this?
There is a very real business at the core of SpaceX.
They have a near monopoly on rocket launching.
And Starlink has become a very, very successful part of the overall business as well.
But combined, those contribute the bulk of what was around 18, 19 billion in revenues for the company last year.
On the basis of today's valuation,
It's 92 times that revenue figure, which is just astronomically far above big tech peers and others in the public markets.
And if you're just looking at fundamentals there, analysts think that SpaceX is probably closer to a $780 billion company.
That's a number from Morningstar.
So that's a full trillion dollars off what it is going to list at.
So I think that tells you to some degree the extent to which this listing is a bet on those moonshot aspirations that Musk has sketched out of occupying space, building a base on Mars, and becoming the dominant AI provider.
Showing 61–80 of 128 · page 4 of 7
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