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What’s the big deal behind the SpaceX IPO? Jim Rickards breaks it down into two key points. Full interview: https://youtu.be/_djvFazlSzk?is=kKiZhMaPZA2Wk9MF #spaceX #gold #silver @DanielaCambone @RickardsNetwork https://t.co/t1E46G0Tox
Video Transcript AI Summary
The speaker says they “buy the fact” that SpaceX is a solid company with a great business plan that will do extremely well, and that they leave the price to the market. They add two quick points about what SpaceX is.
First, when people ask “what is SpaceX?” the speaker notes it’s often described as a rocket company that will take astronauts back to the moon and as having great partnerships with NASA. They argue that it is “so much more than that,” emphasizing that Elon Musk is putting data centers into space and using SpaceX rockets for that purpose. The speaker frames the key advantage as “unlimited free power” from solar power in space, where conditions are “freezing cold,” reducing the need to spend money or energy heating or cooling systems. They assert that, in space, constraints faced by massive data centers on land do not apply in the same way.
Second, the speaker explains that massive data centers on land face constraints including water, energy, chips, cooling systems, and local resistance from citizens. They highlight that power input and the energy source are major issues, and that water for cooling is particularly scarce. They state that these problems are not present to the same extent in space.
They conclude that while SpaceX is a rocket company, it “might be the world’s biggest data center company.”
Full Transcript
Speaker 0: I'm buying the fact that SpaceX is a solid company with a great business plan that's going to do extremely well. I feel comfortable saying that. Okay. The price, I just leave it to the market. I mean, knock yourself out. It is what it is. It'll find its level. But I would say two things quickly. Number one is people say, what is SpaceX? Well, it's a rocket company. They're going to take astronauts back to the moon. And they're you know great partners with nasa etc it is so much more than that elon musk is putting data centers into space so um using spacex rockets well what's the big deal about that well you got unlimited free power because it's solar power and it's cold in space it's freezing cold so you don't need to spend any money or energy heating or sorry cooling the systems down because they're You got to keep them warm, actually. So the point being, all of the constraints on massive, massive data centers on land, which are really water, energy, chips, cooling systems, et cetera, and local resistance. The citizens are standing up. Look at the chips one way or the other. But the power input, the energy source is a big deal. And the water for cooling is a big deal. That's much more scarce. You don't have that problem in space. So is SpaceX a rocket company? Yeah, but it might be the world's biggest data center company.
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“$10,000 gold by the end of 2026 wouldn’t be a surprise,” says Jim Rickards. Here’s why he thinks it’s coming and what it means for you. https://youtu.be/TfpTD-bbTck #gold #silver #economy #money #dollar #usd @DanielaCambone https://t.co/DyMprhMKkC
Video Transcript AI Summary
- The speaker has forecasted gold at about $5,000 by 2026 in Strategic Intelligence and told his editor they may publish quickly because he could hit that target before the forecast is published; a $10,000 goal before 2020 would not surprise him.
- Jim (the recipient) is acknowledged: he has said since the speaker has known him that once gold hits $4,000, “sky's the limit.”
- A simple math point is made: as gold rises, each $1,000 increase is easier on a higher base. From $3,000 to $4,000 is a 33% gain; from $9,000 to $10,000 is an 11% gain.
- While it took a long time to move from $3,000 to $4,000, the speaker believes gold will move from $5k to $6k to $7k to $8k to $9k to $10k, and that progression will happen very quickly.
Full Transcript
Speaker 0: If gold's going where I expect and I I've sort of I've given a forecast to my readers of my newsletter, Strategic Intelligence, about $5,000 by the '26. I called my editor the other day and I said, we have to publish quickly because I'm gonna hit that before we publish the forecast. I was gonna say, are you gonna are you gonna move that forecast now? Well, probably probably will. I mean I mean, candidly, it would not surprise me, not even a little bit, to see $10,000 goal before the 2020.
I think we will. I I like to be I like to be conservative in my written forecast because, you know, it's Wow. It's good to be right. But yep. But $5,000 is within reach, but but $10,000 would just come as as no surprise for gold.
Because you've always said wait. Sorry, Jim. I just wanna give you kudos here. Go ahead. You've always said since I've known you, once we hit $4,000 gold, you said sky's the limit.
That's right. And it's a very there's kinda like a fifth grade math issue here. It's not complicated, but so people think of the dollar price, you know, $100 an ounce for a thousand dollars an ounce. And let's say you have 50 ounces and gold goes up a thousand dollars an ounce, well, you just made $50,000. And if it goes up another thousand dollars an ounce, you just made another $50,000.
So that's true. But people get anchored on the thousand dollar benchmark and making $50,000. But what they forget is that each thousand dollar benchmark is easier than the one before because you're working off a higher base and it's a smaller percentage. And just to give a concrete example, when you go from $3,000 to $4,000 an ounce, that's a 33% gain. But when you go from $9,000 to $10,000 an ounce, that's only 11%.
That's like a good week the way gold's been going. So my point is, like, hey. It took a really long time to get from 3,000 to 4,000, which is true, But so therefore, it's gonna take forever to get to 10,000. That's not true because it'll go it'll it'll make its way to 5 or six, but it's gonna go seven, eight, nine, ten really quickly.