NASA Administrator and former Shift4 Payments Inc. (NYSE:FOUR) CEO Jared Isaacman has backed Elon Musk and Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) goal of establishing space-based compute capacity via orbital data centers.
AI Race Healthy for NASA
During an appearance on the Moonshot podcast on Monday, Isaacman said that the Artificial Intelligence race was “extremely healthy” for NASA. He then said that if “Elon and SpaceX are betting on this [orbital data centers], there is no reason to believe this will not come into existence.”
Isaacman then said that one should “never bet against an extremely well-capitalized Elon.” He also shed some light upon SpaceX’s IPO, saying that NASA’s partners, like SpaceX, being “extremely well-capitalized” was a good thing and that the engineers at SpaceX, with Musk at the helm, left “no doubt” that orbital data centers will happen.
The NASA administrator also said that SpaceX was crucial in the agency’s goal of establishing a permanent presence on the moon. “We can’t do it without them,” Isaacman said in the podcast. He also called Musk the “greatest entrepreneur and engineer in recent history.”
Elon Musk on Orbital Data Centers, Starship
Musk, on several occasions, touted orbital data centers, with the SpaceX CEO most recently saying that the company was preparing to build the technology as soon as next year. SpaceX also revealed its AI1 satellites, which are purpose-built to carry out compute in orbit. The satellites would be a part of SpaceX’s Starmind constellation.
SpaceX also carried out the 13th flight test of its flagship rocket, Starship, from the company’s headquarters in Starbase, Texas. Musk also said that the launch had much higher acceleration, which was intentional, as SpaceX sought to test the rocket’s heat shields.
According to Benzinga Edge Rankings, SpaceX fails to provide a favorable price trend in the Short, Medium and Long term.
Price Action: SpaceX shares were down 1.23% to $112.10 during overnight trading on Monday.
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