SpaceX's plan: Put all the data centers in space, then profit [View all]
The world's most valuable companies are almost impossible to avoid. One makes your iPhone. One delivers packages to your door. One built the Windows operating system running in workplaces worldwide, while another makes chips powering countless computers and devices. There's the firm behind a scrappy search engine you may have heard of: Google.
And then, there's SpaceX - Elon Musk's money-losing rocket start-up that has soared into the orbit of all of those tech juggernauts with a fleet of fantastical plans instead of ubiquitous products. With a more than $2.4 trillion valuation as of Thursday, SpaceX is the world's sixth-most-valuable company.
Its market value is based on promises of putting data centers in space and establishing a colony of a million people on Mars, a premise so far-fetched that three experts reached by The Washington Post to break down the factors driving SpaceX's valuation declined to ascribe any impact to it, despite the fact that Musk's compensation is tied to SpaceX achieving that goal.
"[If] anyone else said it, they would probably have him institutionalized," said Greg Martin, managing director of private markets at the firm Rainmaker Securities, though he noted Musk has delivered on ambitious promises in the past.
https://finance.yahoo.com/technology/ai/articles/spacexs-plan-put-all-the-data-centers-in-space-then-profit-185429840.html
Why don't we just send Musk to Mars ASAP?
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