Gerstner says SpaceX IPO rumored for June 12 will raise about $75 billion.
“We have incredible IPOs coming starting with SpaceX rumored on June 12. Hopefully, I'll be back in the New York Stock Exchange with you guys. It's gonna be an incredible IPO.”
Gerstner asserts Elon Musk is the best at converting electrons into AI tokens globally.
“There's no human being on the planet that is better at turning electrons into tokens than Elon Musk.”
Gerstner says Musk is building the largest data centers on Earth and eventually in space.
“Elon is building the biggest data centers on Earth and eventually in space of anybody, and nobody is better at turning those electrons into tokens.”
Gerstner states SpaceX IPO will raise approximately $75 billion and is rumored for June 12.
“It's gonna be an incredible IPO. It's gonna raise about 75 it's gonna raise about $75,000,000,000.”
Gerstner asserts no one is better at turning electrons into tokens than Elon Musk.
“There's no human being on the planet that is better at turning electrons into tokens than Elon Musk. Right? Let me say that again. Because we focus a lot on the launch business.”
Gerstner asserts Elon Musk is the best in the world at turning electrons into tokens.
“There's no human being on the planet that is better at turning electrons into tokens than Elon Musk. Right? Let me say that again.”
Gerstner says SpaceX IPO is rumored for June 12 at the New York Stock Exchange.
“We have incredible IPOs coming starting with SpaceX rumored on June 12. Hopefully, I'll be back in the New York Stock Exchange with you guys.”
Gerstner asserts no one is better at turning electrons into tokens than Elon Musk beyond launch and Starlink.
“There's no human being on the planet that is better at turning electrons into tokens than Elon Musk. Right? Let me say that again. Because we focus a lot on the launch business.”
Gerstner says Musk building data centers and acquiring team from Cursor is a game changer for SpaceX IPO.
“Him building the data centers which are gonna power all of AI and him then using those to train up his own AI with incredible team, that he acquired from Cursor, I think is a total game changer for the IPO and puts them in a really”
Gerstner says SpaceX IPO will raise about $75 billion, requiring Altimeter to sell other holdings to participate.
“It's gonna raise about 75 it's gonna raise about $75,000,000,000. Okay? So when when if Altimeter and we do wanna buy the SpaceX IPO, I've gotta raise that money from somewhere.”
Gerstner says SpaceX moved to $27 billion AI hyperscaler revenue in six weeks with Anthropic and Google deals.
“In literally six weeks, they went from not in the game to $27,000,000,000 of AI hyperscaler revenue with big deals Google? With big deals from Anthropic and Google.”
Gerstner forecasts $20 to $30 billion in demand from index funds buying SpaceX in fifteen days.
“In fifteen days from now, you're gonna see twenty to thirty billion dollars of demand roll into the market as the index funds start buying the security.”
Gerstner says rumors suggest Elon Musk is ordering 20% of all Vera Rubin volume from Nvidia.
“There are rumors out there that he's already putting in for 20% of all the Vera Rubin volume, right, from Jensen Huang.”
Gerstner predicts SpaceX will become the largest AI hyperscaler in the United States within a few years.
“My estimate is in a few years, they're gonna be the largest AI hyperscaler in The United States.”
Gerstner says children will own shares in SpaceX, Google, and OpenAI as part of a decades-long journey.
“Owning some shares in SpaceX, in Google, in OpenAI, and in Thropping. And all these companies that we're talking about, this is step one. Remember, this is a journey that will last decades,”
Gerstner says Musk struck deals with Anthropic, Google, and Reflection for compute revenue.
“He's he's struck incredible deals with Anthropic and Google and Reflection and others. Really smart. Generated terrific amount of revenue. He's the best in the world at standing up AI data centers.”
Gerstner announces Gwen Shotwell gifted 2 million SpaceX shares to 2 million children through Invest America accounts.
“Gwen Shotwell's gift this morning, an extraordinary gift. 2,000,000 shares of SpaceX to 2,000,000 kids that they'll hold in their accounts over the course of the the next ten to to twenty years.”
Gerstner reports Starlink has twelve million subscribers growing twenty percent quarterly at sixty-six dollars monthly revenue.
“ Inside the segment results, the hosts found a business that barely needs AI to justify its value. Starlink now has 12 million subscribers, doubled year over year, growing 20% quarter over quarter at a $66 monthly ARPU, generating $4.3 billion of revenue and $2.6 billion of adjusted EBIT in the quarter. Friedberg walked through the standalone math: at this trajectory, Starlink alone could reach roughly $40 billion of revenue and $30 billion of free cash flow within a year; at a 30x multiple for a high-renewal subscription business, that is a trillion-dollar market cap on its own within 18 months — with everything else (Starship, the AI data centers, the terafab semiconductor project) as ”