Former Tesla board member warns SpaceX's $2B valuation depends on multiple risky ventures paying off
By
Aditya Raghunath
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Summary
Venture capitalist and former Tesla board member Steve Westly warns that SpaceX's $2B valuation is risky because the company is "three moonshots in one" — combining rocket launches, AI data centers (via xAI), and satellite internet — and the valuation only works if most of those ventures succeed. The article discusses SpaceX's IPO and the complexities of Musk folding xAI into the company, creating a highly ambitious but high-risk business model.
Key quotes
· 3 pulledSpaceX is 'three moonshots in one company' and the math only works if most of them pay off.
SpaceX isn't just a rocket company anymore.
The combined entity consists of AI data centers, the Grok
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