SpaceX Closes $1.11 Billion-a-Month Compute Deal as CFO Doubles Down on $100 Billion ARR Target
SpaceX CFO says a new AI compute deal adds $13B+ annual recurring revenue for the company, bolstering its $100B ARR goal.
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Cruz warns AI’s rapid growth could bring catastrophic risks, urging U.S. safeguards while maintaining leadership to prevent China from dominating.
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SpaceX CFO says a new AI compute deal adds $13B+ annual recurring revenue for the company, bolstering its $100B ARR goal.
A congresswoman recently bought stocks connected to Warren Buffett and Elon Musk.
SpaceX trades at a price-to-sales ratio of 98 with a $2.1 trillion market cap on $23 billion in revenue. The article compares this to Amazon in 2009, when it had similar revenue but traded at a P/S ratio of only 1.5-2.5 while being more profitable. The analysis suggests that even if SpaceX reaches $1 trillion in revenue by 2030, the stock may not appreciate significantly from current levels, and a P/S compression to Amazon's 2009 levels could result in substantial losses.
Dan Loeb’s Third Point acquired 180,415 SpaceX shares worth about $31 million as of June 30, following the company’s Nasdaq debut.