Jaden Schaefer
π€ SpeakerAppearances Over Time
Podcast Appearances
I mean, this is probably where he's getting a lot of this from.
I think he's gotten a lot of flack for that.
And so I think he's like, look, if we're going to scale this up, how do we get it so it's not directly impacting communities?
But this is, you know, absolutely massive merger bringing some really huge companies together.
XAI right now is burning about a billion dollars a month, according to Bloomberg, so 12 billion a year.
SpaceX, on the other hand, earns about 80% of their revenue from launching their own starlight satellite.
So it's not just SpaceX.
I think a lot of people think like, you know, SpaceX is making their money from just government contracts or putting satellites up for other companies.
80% of the revenue is just from their own product, which is Starlink and, you know, basically global internet.
And if you look at a report from routers that came out last year, XAI, when they acquired X, apparently in that deal, Musk said that the combined value was about $113 billion.
And since then, with this merger, they valued XAI at about $250 billion.
since that merger, the company has, you know, gone up over a hundred billion dollars.
Elon said that this kind of space-based data centers are going to have, you know, they're going to need a lot of satellites.
It's basically getting into like a steady flow of satellites.
He didn't say how many.
I think basically the requirement is going to guarantee though, that there's this ongoing launch demand for SpaceX.
So this is, you know, SpaceX is never going to
see the demand drop once this is kind of a new revenue stream.
And I think this is especially since the FCC rules now require satellites to be brought down after five years.