Bloomberg: SpaceX AI ROIC could hit 25% by 2030, dwarfing CoreWeave and Nebius
elonmusk · x · 2026-10-15
Musk boosted an analysis of SpaceX's ($SPCX) compute business: SpaceX builds data centers faster than any neocloud and has dual monetization per GW—training Grok/xAI in-house (Semianalysis estimates $100B/GW in revenue) or renting at a premium. Elon claims 2GW by November, possibly 2.6GW by year-end, and near 10GW by 2027, ahead of schedule. The attached Bloomberg Intelligence chart shows SpaceX AI ROIC rising from -4% (2026E) to 25.5% (2030E), far above CoreWeave (6.8%) and Nebius (8.8%). Citing credit risk (CoreWeave unsecured bonds yielding 15%) and competition, both CoreWeave and Nebius fell over 10% in a week.
Related event: Musk Backs Morgan Stanley: SpaceX's Distributed Inference Cloud Underrated(2 posts)→
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