The Minutes of Gavin Baker on revenue https://minutesof.com/gavin-baker/on/revenue/ Everything Gavin Baker has said on revenue: 5 verbatim quotes between April 2020 and August 2026, each with a timestamp and a link to the recording it… en Sun, 30 Aug 2026 16:21:42 +0000 Baker estimates SpaceX monetizes compute at $50B per gigawatt versus $73B consensus, with Grok and Cursor hitt https://minutesof.com/q/898427d9-5d8c-40af-9feb-9256d6c3c56e/ https://minutesof.com/q/898427d9-5d8c-40af-9feb-9256d6c3c56e/ “And they're monetizing at something like 50,000,000,000 a gig and consensus estimates for next year are 73,000,000,000. So forget Starlink v three, forget Starlink direct to sell, Grok 4.5 and Cursor.” — Invest Like the Best Tue, 04 Aug 2026 08:00:00 +0000 revenue Baker calculates eight gigawatts at $50B per gigawatt implies $400B revenue versus $73B consensus for SpaceX. https://minutesof.com/q/3598c618-46c5-4911-bda9-726bf23a067e/ https://minutesof.com/q/3598c618-46c5-4911-bda9-726bf23a067e/ “If they bring on anywhere near that, the consensus estimate is 73,000,000,000. That's eight gigs at 50,000,000,000 a gig. And, obviously, that would not all be lit up at the beginning of twenty seven.” — Invest Like the Best Tue, 04 Aug 2026 08:00:00 +0000 revenue Baker argues software at 30% of IT spend today versus 7-10% in 2008-09 means it will get cut. https://minutesof.com/q/1799ea24-d524-4a99-b335-47db7041dd3c/ https://minutesof.com/q/1799ea24-d524-4a99-b335-47db7041dd3c/ “And I think that is dangerous because in 'eight, 'nine software was seven to 10 of IT spend. And today it's roughly 30% excluding spending on the big cloud hyperscale infrastructures” — Invest Like the Best Thu, 02 Apr 2020 09:30:00 +0000 revenue