>> SpaceX told investors during the IPO process that it sees an addressable market for AI products worth $26 trillion, roughly equivalent to U.S. GDP.

I very much can imagine a future documentary in a few years. With the host asking the audience: "Where were the signs?"

Well the TAM can match GDP if GDP evaporates!

That's the number AI boosters are spreading too "The TAM for AI is all of humanity - this includes every person and every company. So, imagine this huge pile of future revenue." I agree that TAM is likely huge but is SpaceX most suitable to capture that TAM? Unlikely. But for now everyone wants in on the AI hype train and FOMO of losing out one any company in the AI space.

In the long term most markets are duopoly with small competitors. And personally I see OpenAI and Anthropic duking it out rather than SpaceX.

Maybe they can monetize and trade AI tokens like Enron was going to trade bandwidth?

Signal and noise. Lots of noise. SO much noise.

To be clear, I don't know which part is signal and which part is noise any better than anyone else.

I know this is just nonsense wish thinking, but apparently the investors disagree and I have zero clue when they will also stop giving Musk their money.