The founder and CEO of Altimeter Capital says a convergence of AI and space could unlock a wave of demand across both retail and institutional investors.
In a new episode of the All-In Podcast, Brad Gerstner says SpaceX’s merger with xAI has positioned the rocketmaker to capture the two largest markets in existence.
“Well, let’s just stick with what we know. SpaceX is merging with xAI. You’re merging the two biggest TAMs (total addressable markets) in the world. All of artificial intelligence and all of space together with the world’s greatest entrepreneur.”
Gerstner points to comments recently made by Elon Musk, noting that Musk has publicly outlined a near-term timeline for putting compute infrastructure into orbit.
“There was a podcast he did this morning with Cheeky Pint, our friend John Collison, where he said, I’m going to have data centers in space in 30 months. If you’re going to have a massive cost advantage with data centers in space, and remember, power is the proxy. Power is the primitive to AI… And the combination of those makes perfect sense. But Elon is an N of one in his ability to dream this.”
According to Gerstner, Musk’s vision could open the floodgates for broad institutional and retail participation.
“I think that there will be dramatic retail demand and institutional demand that wants to bet on that future: these two giant TAMs of artificial intelligence and space.
If you click down a layer, Starlink’s going from, I think, 10 million people to 20 million people. They’re going to launch this retail mobile service so that we can have Starlink on our phones. And now we’re going to get data centers in space.”
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