TL20 AI stock basket up 48% YTD, crushing Nasdaq; Musk floats $500B–$1T SpaceX revenue by 2027
TiernanRayTech · x · 2026-10-21
- The Technology Letter's TL20 tech basket rebounded this week: +5% week-to-date, with the newer TL20 Special Situations group up 6%, beating the Nasdaq (+2%) and S&P 500 (+1%).
- Year to date TL20 is up 48% versus 15% for the Nasdaq and 13% for the S&P 500; since July 2022 inception it has gained +475% (Nasdaq +132%).
- Citing SpaceX's call: Musk said he'd be surprised if the company brought on less than 13 GW of compute by end of next year, implying 2027 ARR of $500B–$1T — far above the $141.6B consensus. Shares rose 9% pre-market to $160.85.
- Also notes Zscaler management's bullish outlook at its analyst day.
More from Venture
- Pigment raises $250M Series E at $2.3B valuation with NVIDIA, tops $100M ARR — mattturck · 2026-10-21
- Legora's Series E syndicate is mostly public-money managers: Fidelity, JP Morgan, Capital Group and more — matt_slotnick · 2026-10-21
- OpenEvidence, the ad-powered AI search used by two-thirds of US doctors, hits $15B valuation — Ars Technica AI · 2026-10-21
- Daytona raises Series B to be the execution layer for AI agents; Meta ran Llama post-training on it — mattturck · 2026-10-21
- Geospatial startup Mach9 raises $34M Series A co-led by First Round and Bessemer — farooqib · 2026-10-21
- Are Most AI Agents Solving Annoying Problems Instead of Expensive Ones? — Few-Garlic2725 · 2026-10-21