Billionaire venture capitalist Chamath Palihapitiya says SpaceX could create a new layer of economy beyond Earth.
In a new episode of the All-In Podcast, Palihapitiya says advances led by SpaceX are laying the groundwork for an entirely new industrial ecosystem.
According to the billionaire, SpaceX’s rockets will serve as a starting point for what he sees as an explosion of economic activity in space.
“I think that this is going to unleash just an unbelievably large economy of things that we have no idea about…
If you catch a ride on Falcon 9 or Falcon Heavy, basically, it’s dropping you off at 550 kilometers… But even if you get dropped off at 500 or 550, how do you get to your actual orbital plane? So, meaning, if you think of Elon as like the big container ships that go from China to America, once it gets to Long Beach, you need FedEx.
There’s an entire infrastructure there that’s going to get all of this logistics built for the last mile. There’s a huge garbage collection problem that’s getting built up. We still haven’t technically solved how to do garbage collection in space. There are nets. There are magnetic plates. All of that is getting fixed. Then there’s going to be an explosion in actual power generation.”
Palihapitiya says SpaceX will facilitate the creation of an enormous amount of wealth and open new opportunities for investors, entrepreneurs and employees.
“So my point is, in every single dimension of what the earthly economy looks like, it’s now going to go and get rebuilt in space. There’ll be a FedEx of space. There’ll be Maersk of space. There’ll be an Allied Waste of space. There’s going to be everything of space that exists in the United States…
The amount of businesses I think that can get created and the amount of value that will be created on top of SpaceX’s shoulders is vast. It’s the beginning of the beginning of the beginning. And it’s going to create enormous opportunities for people who are smart and resourceful.”
Earlier this week, news emerged that SpaceX has confidentially filed for an IPO at a $1.75 trillion valuation.
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