Wall Street Was Wrong About SpaceX. It’s Still Missing the Biggest Change

SpaceX is poised to dominate the AI data center market by leveraging its unique ability to build infrastructure significantly faster and more cost-effectively than industry competitors. By deploying "behind the meter" power solutions and modular data center designs, the company is completing facilities in just five months, far outpacing the standard two-year industry timeline. This operational efficiency, combined with massive chip procurement, positions SpaceX to reach 10 to 20 gigawatts of capacity by 2027. These advancements suggest that current Wall Street projections for SpaceX’s revenue and share price are drastically understated. As the company scales its H100-equivalent compute capacity to millions of units, it is set to achieve a revenue run rate that could eventually rival NVIDIA, fundamentally shifting the landscape of both Earth-based and future space-based AI compute.