SpaceX could make $500 billion in 2028, Elon Musk says
SpaceX started out as a launch company, but it has been transitioning into an artificial intelligence outfit —one that's poised to make huge profits in the coming years, Elon Musk says.
SpaceX, once primarily known as a launch company, has shifted its focus towards artificial intelligence (AI). Founder and CEO Elon Musk emphasized during an employee address that AI revenue will likely surpass all other revenue streams as early as September. Musk stated that within five years, AI will account for 99% of SpaceX's value, potentially reaching an astronomical figure of $500 billion annually.
To achieve this, SpaceX plans to deploy 10 gigawatts of AI compute by the end of next year, up from its current 1.4 gigawatts. The company is also developing a massive semiconductor chip manufacturing facility in Texas called Terafab in partnership with Tesla. Additionally, SpaceX aims to launch a million of its Starmind AI satellites into low Earth orbit using its reusable Starship megarocket.
The company's long-term vision includes establishing lunar factories to build off-Earth data centers. SpaceX's ambitious plans position it as a leader in the rapidly growing AI industry, with significant potential for future profits.
Written by urgent.news from Space.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
