Good morning Europe
SpaceX investors
While you were having your beauty sleep, this happened:
1. Elon quoted a post saying Starlink is now on 50 airlines and counting: "Try using Starlink for your home or business". easyJet just signed for its A320 and A321 fleet. In January its CEO said the economics didn't work
2. Verizon's CEO said Starlink would need $300 to 500B and 4 to 6 years to build a mobile network. Elon: "Will take 2 or 3 years"
3. SpaceX's 8-K: a binding commitment for $40B of GPU financing with Apollo. Five year leases, deliveries starting H1 2027. Anthropic filed to go public and signed deals to spend up to $120.5B renting AI chips from SpaceX
4. Merger talk keeps growing. Tesla retail holders now have over $10.2B of Tesla stock behind a letter backing a SpaceX combination. Dan Ives puts 80 to 90% odds on a merger by 2027
5. Elon on Starship engines: "We can only reliably get to around 230 t-F with Raptor 3". The post he replied to says Raptor 4 will be 7.1% more powerful
6. Elon on AI compute: "~100% of SI will be deep space compute. Obviously."
7. Peter Sellis is joining X as the new head of Product
8. In case you missed my post:
The $40B of GPUs could pay for themselves in about 9 months (my math)
Have a great Tuesday!!
Good morning Europe
SpaceX investors
Here are the most important things that happened while you were having your beauty sleep + a couple of things you should pay attention to today
1. NASA Space flight: Booster 22 finished a full-duration static fire of all 33 engines on Pad 2, ahead of Starship Flight 15 in November. Flight 15 will try to catch both the booster and the ship next month
2. Today is the last SpaceX unlock. Up to 328.4M shares can be sold, a quarter of Thursday's 1.31B. The next one is 8 Dec. So after today there are no unlocks for 43 days.
3. Elon: SpaceX has closed $40B of debt to buy GPUs. He says it is mostly callable debt for chips arriving in Q1 and Q2, "not a major factor this quarter"
4. Elon also said debt markets have almost shut off money for any company without big revenue outside AI data centers, and the 200+ neoclouds will see "guppy-level death and consolidation". He added that SpaceX is not buying any of them
5. Elon: Grok Bot can now call a business for you, make a request, take notes and send you a summary of the call
6. Sawyer Merritt: SpaceX is running Grok Bot ads in Penn Station in New York, which serves 600,000+ passengers a day
7. Elon: X Money now lets you long press a like to send someone $1
8. In case you missed my posts:
X + Grok has 6.3M payers out of 550M monthly users. At ChatGPT's pace that is 54M by May 2028, or $13B ARR at $20 a plan
My call: $SPCX to $178 to $195 before Friday's close, if this unlock repeats August's 23% in 2 days
Have a great Monday
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John Jacobs retweeted
How to increase your luck:
- Read more
- Write more
- Build more
- Meet more people
- Introduce more people
Luck comes from putting in more reps.
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John Jacobs retweeted
BREAKING: SpaceX, $SPCX, is seeking access to at least 80,000 US cell tower sites as it prepares to launch a nationwide wireless carrier, per Bloomberg
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In terms of neo-clouds. I feel like $SPCX has the most access to capital, the fastest speed to market (via a literal Starship), and the best relationship with Jenson.
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Another day, another sector realizing $SPCX is suddenly a direct major competitor with unique advantages. Last week telecom, this week the neoclouds
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@Dr_Crossroads Ty for recognizing this comment on your live stream. I have lots of thoughts on $SPCX
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So you’ll notice $SPCX being the talk of finx today…the move is to research, identify, and discuss these opportunities before the masses. I’m glad folks understand now, but saying it was expensive and refusing to dive deep was a mistake by many.
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Although they will only own portions of train 1 and 2, there is a possibility of buying back equity in these from their initial investment partners as stated in the Q2 earnings call. It makes sense they would have first “dibs”. $NEXT @RealMattMoney thoughts?
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Share unlocks in $SPCX are a risk..but just watch one video and understand that these are the employees that hold shares. Their belief in what they are building is profound, wouldn’t surprise me if most of them diamond hand and let it ride to the “moon”
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Seeing lots of questions about why $SPCX . Look at the moat..they launched a reusable 30 story skyscraper into orbit which dispensed 20+ satellites the size of 747s, adding insane bandwidth to a network that threatens a massive TAM in legacy communication providers’ business.
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Speaking from now years worth of experience on both sides, I can say I far prefer $SOFI banking over Wells Fargo. Little to no fees, SoFi plus, awesome UI, transparent backend, etc. it does dominate. Happy customer @anthonynoto
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