Chamath Backs SpaceX<\/p>\n
On Tuesday, Palihapitiya backed the commercial space flight company during an interview with Axios when he was asked which stock he would take. \u201cSpaceX because it has the most broad optionality,\u201d Palihapitiya said. He acknowledged that Anthropic had a \u201csuperior product\u201d compared to other competitors.<\/p>\n
\u201cWe use it at 8090. It\u2019s our foundational model for a lot of our work. It\u2019s exceptional,\u201d the investor said. He also said that as a consumer, he used ChatGPT. \u201cIt\u2019s a brand that every man, woman, and child understands,\u201d he said.<\/p>\n
However, Palihapitiya outlined that these were \u201csingle lines of business\u201d and that one targeted enterprises, while the other focused on consumers. \u201cYou can debate it, but it ebbs and flows with the GDP of the world,\u201d he said.<\/p>\n
SpaceX was different as it has an \u201cextremely different set of revenue streams that have nothing to do\u2026 with consumer adoption or enterprise adoption,\u201d the investor said.<\/p>\n
\u201cThe communications infrastructure of the world is pretty profoundly broken. We\u2019re gonna go through a refresh cycle; it\u2019s [SpaceX] gonna get the plurality of that,\u201d he said, seemingly pointing towards Starlink<\/a>. <\/p>\n He then shared how he also projected an \u201cequivalent form\u201d of Earth-based businesses that could potentially be in other places across the solar system. \u201cThis may sound like sci-fi,\u201d he said. \u201cI think it\u2019s huge embedded optionality,\u201d he said.<\/p>\n OpenAI Offers 5% Stake To Trump AdminSpaceX Enters Nasdaq 100<\/p>\n