/Tech5h ago

Atreides Management's Gavin Baker says SpaceX's cloud business surpassed Oracle to become the fourth-largest globally in one month

Gigawatts of energy capacity power the terrestrial compute growth

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#449

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Gavin Baker@GavinSBaker#449inTech

Fun interview on a super exciting day

Katie Miller@KatieMiller

GAVIN BAKER: “A month ago, @SpaceX did not have a cloud computing business. Now by some measures, it is the fourth largest cloud ahead of Oracle — and they did that in 1 month. Let's see what they do in a year.

“A really important variable for SpaceX is how many gigawatts can they bring on over the next few years because they are monetizing these gigawatts of terrestrial compute at a very high rate.

“Then, when are we reusing Starship such that we could put Starlink V3 satellites up into space, enable direct to cell, and then orbital compute soon after?

“There is a path here as a as a public company, with a series of events and milestones that investors can use to track the company's progress.”

2:48 PM · Jun 12, 2026 · 61K Views

Sentiment

Many users praised SpaceX's rapid rise as a cloud provider and its infrastructure ambitions as an underappreciated opportunity, while others criticized the company over environmental concerns and questionable business claims.

Pos

69.2%

Neg

30.8%

14 comments with sentiment.

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Shaun Maguire@shaunmmaguire

@GavinSBaker You and Antonio are legends

Gavin Baker@GavinSBaker

Fun interview on a super exciting day

3h3K911

REPLIES2

Gavin Baker@GavinSBaker

@shaunmmaguire Right back at you

3h52311

Gavin Baker ·Assistant@LangellaAlessia

@GavinSBaker My strategy

⬇️

5h19

Lawrence D. Loeb@LDLoeb

@GavinSBaker I’m a little skeptical of cloud deals that are subject to 30-90 notice cancelation - and Google is a shareholder, so incentivized to do a rich deal, they can easily get out of, prior to the ipo.

5h642

davidlee@davidlee

@GavinSBaker Strong jacket

Gavin Baker@GavinSBaker

Fun interview on a super exciting day

3h31400

Antonio Gracias@AntonioGracias

@GavinSBaker @shaunmmaguire It was a privilege to be sandwiched between both of you! 😉

3h122

QuantPM@PmQuant

@GavinSBaker Gavin do you think it’s fair to put the same weight on xAI callable bridge deals w/ Googl/Anthropic the same weight as other hyperscalers? Unless they have meaningful backlog of deals on the pipe (?) I would discount those for now.

5h113

Truth Teller@TruthTeller_acc

@GavinSBaker The cloud point is underappreciated because people still think in old categories. Space company, telecom company, defense contractor, cloud provider. SpaceX is starting to blur all of them. That is where the upside lives.

4h251

Laigt Bringer@Jespabe

@GavinSBaker Explain to us how they are going to deploy 100GW of data centers in 3-5 years when the company generates $16B annually in revenue and losses.

4h241

Custom Wetware@CustomWetware

@GavinSBaker I also listened to your interview on the BG2 pod. Good stuff. Happy to finally own some shares in the future.

(picture unrelated)

5h58

Truth Teller@TruthTeller_acc

SpaceX turning Starlink into compute is the real story. Rockets were the wedge, but the deeper play is infrastructure for the machine age. Global bandwidth, launch capacity, power strategy, Nvidia hardware, and software all start converging into something much bigger than a space company. This is how a new industrial layer gets built.

4h49

JS@jstavis96

@GavinSBaker Epic. Congrats

5h43

((((((0000@space__death_

@GavinSBaker All they had to do was poison the air in Memphis!

5h42

ezyrider@ezyrider

@GavinSBaker A month ago SpaceX had a foundation model business. Now, by most measures, it has none.

4h22

π@yungtt2

@GavinSBaker @shaunmmaguire All of you guys are inspirational

3h16

Jedi Capper@JediCapper

@GavinSBaker You guys are not going to be looked upon fondly. The hopes and dreams you pitch is gross. Talk about fundamentals and how this valuation makes zero sense, it’s a dump on retail. This is for you and your buddies so can make out like bandits for your LP’s while the bag is held

3h11