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.SPCX stock hasn’t bottomed out yet, but it’s ‘a really great time to buy,’ says this asset manager
MSN·- An asset manager states that SPCX stock has not bottomed out yet, but it remains a great time to buy. - The manager notes that Morgan Stanley's 300 dollar price target is reasonable given SpaceX's potential Tesla merger and continuous innovation. - The manager remains skeptical about SpaceX's AI payback period claims and warns that the broader market will experience losers.