FIN · T13

SpaceX after the IPO: exit liquidity, or the next ten-bagger?

SpaceX’s $75 billion IPO puts AI infrastructure inside a profitable Starlink shell. The capacity looks plausible; the operating proof has not reached the meter.

Questions 4Open 4Call held 0Call missed 0

The questions

1. Settles Jan 1open

   Quarterly deployed gigawatts will test the roughly 10 GW site plan against 0.4 GW operating now.

2. Settles May 1open

   Anthropic’s $1.25B monthly commitment expires; payment durability will test contracted AI demand.

3. No date yetopen

   Bond pricing will show whether lenders still trust Starlink to carry AI spending.

4. No date yetopen

   A third trillion-dollar cash-burning listing would test Kevin Gee’s market-capacity concern.

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