SpaceX prospecuts is very interesting... Basically Musk invented Starlink to make demand for his rocket launching business. Witht the new Starship - I think he is hoping to make demand by promoting his satellite data centre model. Data centre satellites will be so much more massive, only Starship could possibly transport them. Its a bold plan - but it could easily fail... but if it doesn't, he will revolutionise another industry.
russellclark
Hedge fund manager - specialising in macro trends and short selling
294Posts
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13%Best ROI
Joined on 18th December 2025
It did look like debt markets were going to call time on the AI boom - we were seeing stress in Softbank and Oracle CDS. But the IPO market has come to the rescue. OpenAI and xAI will raise money and keep the part going. The good news, is this is helping the wafer trade. Sumco up another 20% today and 60% for the month.
Big up day in Softbank on the back of the OpenAI IPO announcement. If the valuation of OpenAI is much higher that where Softbank has invested lately, then this is bullish. On the other hand, does the IPO, and that of xAI show that debt markets are closed off to LLM makers? If Oracle starts to perform better, or Softbank hits new ATH, then I cover.
