148 mentions of "rocket". 773 mentions of " AI ".
That's because they use other terms like "Falcon 9/Heavy", "Starship", "Super Heavy", "launch vehicle/system", "booster", "upper/lower stage", and "spacecraft".
SpaceX S-1
61–70 of 404 posts
Re: SpaceX S-1
#62It’s surprising just how low the revenue is for SpaceX. There are some 700+ companies with larger revenue figures, and yet just a small handful exceed SpaceX’s proposed valuation. In 2026 one gets the impression that SpaceX is a huge company, among the largest in the world. It’s wild to see that its business volume is smaller than Northrop, smaller than Apple’s peripherals alone, smaller than Avnet (heard of ‘em?).
Uber had about $11B revenue when it went public
SpaceX is at $18.7B
Re: SpaceX S-1
#63Earlier quoted context omitted.
has anyone done the math on: 1. cost to build out and run the data centers 2. cost of compute (hardware and energy) 3. depreciation of legacy GPU and thus value at the end of 3 years. And then compare the $45B revenue from Anthropic to see if it's mostly break even or if one of Anthropic/SpaceX came out ahead on the contract.
Well Colossus 1 has 230k GPUs, including 30k GB200s and Colossus 2 has 550k GB200s & GB300s. So my guess on costs would be like ~$10B for Colossus 1, and Colossus 2 would be like ~20b.
a GB300 rack is like 5-6 million so seems a bit low.
Re: SpaceX S-1
#64Their stated TAM is bonkers. A total of $28.5 trillion: $370B Space, $1.6T Connectivity, $26.5T in AI. With AI becoming more and more commoditized, the AI number is insane.
With these kind of made up numbers, they might as well have simply used the fucking Kardeshev scale. Just compute the energy output of the Sun and claim they'll build a Dyson sphere around it. Can charge a nice hefty subscription fee for using the Sun, just like Netflix.
Kardashev Type II is mentioned three times in the doc.
> We believe the next paradigm shift for humanity is the creation of a resilient, perpetually expanding spacefaring civilization that drives continuous innovation across new frontiers, ultimately propelling us to Kardashev Type II status—a civilization that harnesses the full energy output of our Sun.
To be fair, he's not claiming here that SpaceX will accomplish this themselves, solo.
Re: SpaceX S-1
#65Re: SpaceX S-1
#66Crazy this company will IPO for >1B with such bad financials! That said, Starlink seems to be a real cash machine, not as good as ads but enough to support AI bets. 2025: - Revenue: $18.7B, up from $14.0B in 2024 - Operating loss: -$2.6B - Net loss: -$4.9B - Adjusted EBITDA: $6.6B - Operating cash flow: $6.8B - Capex: $20.7B Segment breakdown: - Starlink / Connectivity: $11.4B revenue, $4.4B operating income, $7.2B a…
If they cleaved off xAI and let it die, they'd be in much better shape!
Re: SpaceX S-1
#67Is there any risk to SpaceX that the Musk brand pulls the market cap too far ahead now?
It's not a risk factor I see in the prospectus but seems plausible to me.
Just like with the AI company vesting, I imagine a scenario where a company seeds its own competition by realizing the monetary gains before the work is done. Maybe there's precedent in the dot com bubble. Certainly people were able to sell before the dip a la Cuban and broadcast.com. But I'm thinking more more specifically inducing competitive space ventures.
Re: SpaceX S-1
#68Re: SpaceX S-1
#69It’s surprising just how low the revenue is for SpaceX. There are some 700+ companies with larger revenue figures, and yet just a small handful exceed SpaceX’s proposed valuation. In 2026 one gets the impression that SpaceX is a huge company, among the largest in the world. It’s wild to see that its business volume is smaller than Northrop, smaller than Apple’s peripherals alone, smaller than Avnet (heard of ‘em?).
Uber had about $11B revenue when it went public SpaceX is at $18.7B
Just to keep things in perspective, Uber IPO-ed for 82.4B. SpaceX is IPOing for over 10x more.
Re: SpaceX S-1
#70"in May 2026, we entered into Cloud Services Agreements with Anthropic PBC (“Anthropic”), an AI research and development public benefit corporation, with respect to access to compute capacity across COLOSSUS and COLOSSUS II. Pursuant to these agreements, the customer has agreed to pay us $1.25 billion per month through May 2029, with capacity ramping in May and June 2026 at a reduced fee" Anthropic is paying them 1.2…
has anyone done the math on: 1. cost to build out and run the data centers 2. cost of compute (hardware and energy) 3. depreciation of legacy GPU and thus value at the end of 3 years. And then compare the $45B revenue from Anthropic to see if it's mostly break even or if one of Anthropic/SpaceX came out ahead on the contract.
It has $25 billion on AI cap expenditure in the S1. So generally looks like a solid deal for SpaceX.