Excess Returns

Snapshot · Excess Returns

The Trillion Dollar Gap | Aswath Damodaran on SpaceX, AI and the Big Market Delusion

Explore episode Jun 19, 2026

Where this was said

How Damodaran valued SpaceX across launch, connectivity, and AI

At 11:05 · chapter starts 10:31

xAI's February 2026 merger opened SpaceX's AI segment. The prospectus claims a $26T TAM, with Elon Musk targeting $1T in revenues by 2030 — achievable only if AI scales.

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