Elon was quietly building THIS BUSINESS all along...

There's nobody better on planet Earth than Elon at converting electrons to tokens. It's a critically important evolution to the story. SpaceX has this five-layer cake, launch, connectivity, compute, hyperscaler, space data centers, and then applications and models, and then other bets. And now we see the ace card that Elon's playing. He was building EWS all along. And so I estimate that this going to generate in this year an incremental 4 to 5 billion dollars of revenue on top of what I have seen analyst estimates in the mid-20s. That's a material amount of incremental revenue to offset the cost of the investments that he's made here, and that will subsidize, to Chamath's point,

all that he's investing to build the next generation of Grok. Remember, too, that he has three facilities, Colossus, MacroHard, and MacroHarder, 1.2 gigawatts at MacroHard and MacroHarder in Blackwell. So he's given the one that's kind of less connected, H 100's great for inference, to Anthropic. He's monetizing it in a big way. It's terrific for Anthropic. And it solves what I think was the biggest question uh in the valuation story, which is what if he spends ahead of x.ai's revenue. It takes the pressure, Chamath, off x.ai delivering immediate revenue. Now he becomes an immediate competitor in the hyperscale. I don't think this is the last announcement. And I would just say

finally, you know, again, everybody has talked about how we don't have enough power, how we don't have enough compute, how the revenues would not show up this year. You know, but the chaos that is American capitalism somehow finds a way.