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SpaceX 🚀

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Jerome Cody

shared a link post in group #SpaceX 🚀

Elon Musk has jumped on the “data centers in space” bandwagon, as this tweet on Tuesday and his appearance last month at a Saudi investment event demonstrated. People like Amazon founder Jeff Bezos have been promoting the idea of launching data centers into outer #Space law for a while now, but Musk is a more recent advocate, at least publicly. One explanation for his new interest may be a desire to find a narrative to excite potential investors in #SpaceX 🚀 , which is planning to go public next year. Indeed, Bloomberg reported on Tuesday that SpaceX plans to use money it raises from the IPO to help fund development of data centers in space. Just as Musk is promoting Tesla as the company that will popularize robots and robotaxis, using SpaceX to launch data centers in space would be a good way to draw in shareholders who might be less interested in its existing rocket-launch and internet-access business. There could be an issue with that, however. One reason Tesla likely enjoys such a premium valuation over other automakers now—its forward sales multiple is 14 to GM’s 1—is because it’s the only way public investors can buy into an Elon Musk–run business. Once SpaceX goes public, Musk fans will have a choice. There’s a possibility the existence of two Musk public companies will dilute the appeal of both companies. Just something to think about. x.com/elonmusk/status/199..
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