SpaceX and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk predicted that the commercial space flight giant could exceed orbital payload timelines and expectations.
One Million Tons In Five Years
On Tuesday, influencer Sawyer Merritt took to the social media platform X to outline details from a new SpaceX valuation model shared by Research firm Mach33, which says that SpaceX could put over 40,000 tons of Starlink payload into orbit in the next two years, coinciding with the first datacenter satellites.
Responding to Merritt, Musk shared bullish sentiments about SpaceX’s orbital payload capacity. “1M tons to orbit should be possible in roughy 5 years,” the billionaire said.
Gene Munster On SpaceX
Investor Gene Munster of Deepwater Asset Management touted SpaceX’s upcoming IPO as an exciting event for the tech industry. He compared the commercial space flight company with Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), but outlined that SpaceX had an edge over Google as the latter did not make rockets.
SpaceX’s upcoming IPO has garnered considerable buzz, with investor Ron Baron predicting that the Musk-led company could go on to become worth $30 trillion in the future.
Meanwhile, Goldman Sachs Group Inc. (NYSE:GS), which is the lead underwriter for the SpaceX IPO, reportedly shared with prospective investors that the company’s total revenue could reach over $474 billion by 2030.
Datacenter Lawsuit
Further illustrating the prospect of orbital datacenters for Musk is a proposed class-action lawsuit filed against SpaceX and xAI by residents of Mississippi in a federal court in the state, complaining of perpetual and inescapable noise stemming from the AI datacenters.
Notably, Musk is not personally named as a defendant in the lawsuit, which includes an estimated 10,000 residents of the area.
Check out more of Benzinga's Future Of Mobility coverage by following this link.
Photo courtesy: Frederic Legrand – COMEO on Shutterstock.com
Login to comment