Collector
Where Musk and Altman See Eye to Eye | Collector
Where Musk and Altman See Eye to Eye
The Information

Where Musk and Altman See Eye to Eye

Elon Musk and Sam Altman don’t often see eye to eye, as they made clear in their recent legal dispute . But when it comes to making outlandish projections about future growth, the two men seem to share a common philosophy. As we reported earlier on Thursday, SpaceX’s lead bank on its upcoming IPO, Goldman Sachs, has told investors it expects SpaceX’s revenue to hit $474 billion by 2030, from $18.7 billion last year. That’s even more ambitious than OpenAI’s projection—which we reported in February—that its revenue will grow to $284 billion by 2030 from $13 billion in 2025. Both companies also expect to burn massive amounts of cash in the same period, although SpaceX outdoes OpenAI on that count as well.

Go to News Site