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by CodingJeebus 8 days ago
The SpaceX IPO prospectus states that the company is targeting a TAM of $28.5T, equal to roughly a quarter of the world's gross economic output.

Patrick Boyle said it best. Roughly 1 billion people on the planet make more than $12k annually (folks with "discretionary" income). Divide that TAM of $28.5T by 1B and the every single person needs to give SpaceX ~$28.5K every year forever in order for that figure to make sense. It's more than 3x what the planet spends on food currently.
1 comments
tim333 7 days ago
That's not quite right. TAM is the total addressable market so if SpaceX's share of that is 10% in means they'd have to give SpaceX $2.85K every year forever.

To sane wash things a bit, the assumption, I guess, is AI will surpass human level and so increase world GDP.

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