The All In Podcast host Peter Diamandis has backed Elon Musk-led Space Exploration Technologies Corp.'s (NASDAQ:SPCX) goal of reaching $1 trillion in revenue by the year 2030, saying that the company had the potential to become a $10 trillion enterprise following its earnings call.
Peter Diamandis Backs Elon Musk's Ambitious Target During an interview with CNBC on Wednesday, Diamandis, who is an early investor in SpaceX, said that Musk was building "civilizational-level" infrastructure with SpaceX, but outlined that the challenge for the commercial space flight giant is that the market "knows how to value this company," Diamandis said.
Read Also: Ross Gerber Says Tesla Investors Are Excited for SpaceX's Earnings Because They 'Get Elon Twice a Quarter' as Musk Agrees SPCX Dip Is An 'Insane Opportunity' The investor then said that SpaceX was "four different businesses that are wrapped into a vertical." He also outlined that Starlink would be capable of providing 1 gigabit per second internet speeds across the globe.
Diamandis then highlighted SpaceX's direct-to-device plans, which could represent roughly $600 billion in revenue potential, he said.
Read Also: SpaceX Caught in a ‘Capex Tug of War’ — Dan Ives Says Investors Are ‘Buying Musk, Buying the Vision’ Diamandis also said that SpaceX was building AI infrastructure "faster than anybody else," also touting $28 billion in annualized recurring revenue (ARR).
