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# Musk Says AI Will Account for 99% of SpaceX's Value 99% is AI, 1% is rocket, my short position is in between. $SPCX has risen to 146, up 35% from 108. My short position is floating at a loss of 300 U, -1925%, and I haven't closed it yet. Musk spoke. At the all-hands meeting, he said that AI revenue is expected to surpass the combined revenue of all other businesses by September. By the end of next year, the company will have 10 gigawatts of computing power, which, according to his calculations, corresponds to annual revenue of 300 to 500 billion. In five years, AI will account for 99% of SpaceX's value. 99% is AI, 1% is rocket. What does 500 billion in revenue mean? NVIDIA's revenue last year was 60 billion. An AI business that hasn't even been commercialized yet is expected to reach 500 billion in five years. This isn't just growth—it's a species transformation. But the market believed it. From 108 to 149, a 40% increase, all thanks to a single statement from Musk. Over a month ago, SPCX at 228 was about rockets and Starlink; now, at 146, it's about AI and 500 billion. The same stock, with a different story, and the price comes back. Changing the story doesn't require financial reports; one meeting is enough. I won't comment on whether this judgment is correct. But I am certain of one thing—stories can drive up prices, and they can also crash them. Stories don't need to be realized; the market just needs to believe them. However, the prices supported by stories need to be validated by numbers. The short position remains; it's not that I don't believe in AI, but I don't believe that 500 billion can grow out of a single all-hands meeting. I'm waiting for the financial reports, waiting for the orders, waiting for the numbers to speak. He said 99% is AI, and I'm still waiting in that 1%. Stories can move the market, but they can't fill your stomach.$SPCX