SpaceX’s $2 Trillion Pitch: Is Elon Musk Quietly Building a Backup Internet for Civilization?
Key takeaways
- Space X’s $2 Trillion Pitch: Is Elon Musk Quietly Building a Backup Internet for Civilization?
- The analyst who called NVIDIA in 2010 just named his top 10 stocks and Tesla wasn t one of them.
- That framing is the philosophical core of the bull case for a $2 trillion valuation, and it matters for every public company building the terrestrial side of the AI stack.
Space X’s $2 Trillion Pitch: Is Elon Musk Quietly Building a Backup Internet for Civilization? David Beren Mon, May 25, 2026 at 8:22 PM GMT+7 5 min read NVDA SPAX.PVT MSFT GOOG EQIX Quick Read Tesla (TSLA) disclosed a $2B investment in Space X equity and a partnership to build the largest chip fab for vertically integrated semiconductor manufacturing at Gigafactory Texas, with shares up 25% over the past year. NVIDIA (NVDA) reported Q1 FY2027 revenue of $81.61B, up 85% year over year, with $119.0B in total supply-related commitments. Microsoft (MSFT) posted Q3 FY2026 commercial RPO of $627B and an AI business at a $37B annualized run rate, up 123% year over year. Alphabet (GOOGL) guided 2026 CapEx of $175-185B with Google Cloud backlog above $460B. Equinix (EQIX) trades at a forward PE of 61 with 25 analyst Buy or Strong Buy ratings and is up 42% year to date.
The analyst who called NVIDIA in 2010 just named his top 10 stocks and Tesla wasn t one of them. Get them here FREE.
On a recent All-In Podcast episode dissecting SpaceX s S-1 filing, guest investor Gavin Baker and the hosts framed Elon Musk s privately held rocket and connectivity empire as something more ambitious than a high-growth tech company. David Friedberg argued that "having a space-based communication network, space-based data centers, and space-based communication back down to Earth wireless" creates "a backup for civilization" that governments cannot control. That framing is the philosophical core of the bull case for a $2 trillion valuation, and it matters for every public company building the terrestrial side of the AI stack.