Elon Musk Podcast OpenAI Surpasses SpaceX in Valuation
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Oct 3, 2025 OpenAI's valuation has soared above SpaceX, now sitting at over $90 billion, thanks to booming AI revenues and ChatGPT's rapid adoption. The contrast between software scaling and space launch costs is striking. Microsoft's strategic partnership enhances OpenAI's distribution, giving it significant leverage. Meanwhile, investors show a preference for AI tools over rockets. As the podcast dives into these dynamics, it raises intriguing questions about the future significance of AI compared to space exploration.
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AI Valuation Outpaces Rocket Company
- OpenAI's secondary share sales priced the company above $90 billion, surpassing SpaceX's ~ $80 billion private valuation.
- Software revenue from ChatGPT subscriptions and enterprise/API integrations scales far faster and with higher margins than capital-heavy rocket launches.
Recurring Software Beats Heavy Infrastructure
- OpenAI expects over $1B in annual revenue driven by subscriptions and APIs, a rapid shift from two years ago.
- Investors favor businesses that compound revenue quickly without massive hardware buildouts.
Host Shares Recent Sickness And Apology
- Will Walden shares he's been sick for two to three weeks and apologizes for delays in episodes.
- He uses his long run of shows to ask listeners for patience and continued support.