Palantir co-founder Joe Lonsdale just went on CNBC and said something that is hard to argue with, "It's crazy to think he's not going to win" (Save this).

@JTLonsdale is talking about Elon Musk, SpaceX and the single most consequential infrastructure race happening in the world right now.

His core argument is that, Musk is the best hardware builder in the world at exactly the moment when trillions of dollars are flowing into hardware.

SpaceX's S-1 IPO filing which dropped last month revealed the company spent approximately $20 billion on its AI division in 2025 alone, representing roughly 60% of total capital expenditure.

The filing claims SpaceX has identified the largest actionable total addressable market in human history at $28.5 trillion, with $22.7 trillion of that attributed to enterprise AI applications.

But the part of Lonsdale's argument that most people missed is the regulatory angle.

Every regulation making it harder to build data centers on Earth, every zoning fight, every environmental objection, every piece of legislation used to slow down AI infrastructure directly benefits Musk because his answer to all of it is to build in space, where those rules simply do not apply.

Every obstacle that slows down a terrestrial data center is, in practice, an argument for the orbital alternative that only SpaceX is currently positioned to deliver at scale.

Bullish on Space.