00:00:00
There's nobody better on planet Earth
00:00:01
than Elon at converting electrons to
00:00:03
tokens. It's a critically important
00:00:06
evolution to the story. SpaceX has this
00:00:08
five-layer cake, launch, connectivity,
00:00:11
compute, hyperscaler, space data
00:00:13
centers, and then applications and
00:00:16
models, and then other bets. And now we
00:00:19
see the ace card that Elon's playing. He
00:00:21
was building EWS all along. And so I
00:00:25
estimate that this going to generate in
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this year an incremental 4 to 5 billion
00:00:30
dollars of revenue on top of what I have
00:00:32
seen analyst estimates in the mid-20s.
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That's a material amount of incremental
00:00:36
revenue to offset the cost of the
00:00:38
investments that he's made here, and
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that will subsidize, to Chamath's point,
00:00:43
all that he's investing to build the
00:00:45
next generation of Grok. Remember, too,
00:00:48
that he has three facilities, Colossus,
00:00:50
MacroHard, and MacroHarder, 1.2
00:00:53
gigawatts at MacroHard and MacroHarder
00:00:55
in Blackwell. So he's given the one
00:00:58
that's kind of less connected, H 100's
00:01:00
great for inference, to Anthropic. He's
00:01:03
monetizing it in a big way. It's
00:01:05
terrific for Anthropic. And it solves
00:01:08
what I think was the biggest question uh
00:01:10
in the valuation story, which is what if
00:01:13
he spends ahead of x.ai's revenue. It
00:01:16
takes the pressure, Chamath, off x.ai
00:01:19
delivering immediate revenue. Now he
00:01:21
becomes an immediate competitor in the
00:01:23
hyperscale. I don't think this is the
00:01:25
last announcement. And I would just say
00:01:26
finally, you know, again, everybody has
00:01:28
talked about how we don't have enough
00:01:30
power, how we don't have enough compute,
00:01:31
how the revenues would not show up this
00:01:33
year. You know, but the chaos that is
00:01:36
American capitalism somehow finds a way.