Chamath Backs SpaceX
On Tuesday, Palihapitiya backed the commercial space flight company during an interview with Axios when he was asked which stock he would take. “SpaceX because it has the most broad optionality,” Palihapitiya said. He acknowledged that Anthropic had a “superior product” compared to other competitors.
“We use it at 8090. It’s our foundational model for a lot of our work. It’s exceptional,” the investor said. He also said that as a consumer, he used ChatGPT. “It’s a brand that every man, woman, and child understands,” he said.
However, Palihapitiya outlined that these were “single lines of business” and that one targeted enterprises, while the other focused on consumers. “You can debate it, but it ebbs and flows with the GDP of the world,” he said.
SpaceX was different as it has an “extremely different set of revenue streams that have nothing to do… with consumer adoption or enterprise adoption,” the investor said.
“The communications infrastructure of the world is pretty profoundly broken. We’re gonna go through a refresh cycle; it’s [SpaceX] gonna get the plurality of that,” he said, seemingly pointing towards Starlink.
He then shared how he also projected an “equivalent form” of Earth-based businesses that could potentially be in other places across the solar system. “This may sound like sci-fi,” he said. “I think it’s huge embedded optionality,” he said.
OpenAI Offers 5% Stake To Trump AdminSpaceX Enters Nasdaq 100
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Photo courtesy: Thrive Studios ID via Shutterstock