edison yu

Edison Yu maintains buy rating with $235 price target, modeling roughly $330B revenue by 2030 versus Musk's $1T claim, citing Starship cadence of 15-20 flights next year as key driver.

Edison Yu includes Cursor as a contributor to SpaceX's AI revenue run rate, noting Bloomberg has reported it's running at a very fast growth rate, helping bridge the gap to $100B ARR.

Edison Yu lists Grok as one of the AI assets within SpaceX's segment, alongside X advertising business and Cursor, contributing to the overall revenue run rate calculation.

Edison Yu models SpaceX's cloud business at $40B+ run rate by December with Cursor and other AI assets pushing toward $60B, making the $100B ARR target credible without needing Starship orbital data centers to scale immediately.

Edison Yu notes SpaceX decided to go with Nvidia architecture for orbital data center prototypes, while Khosrowshahi highlights Nvidia's physical AI model release as a major ecosystem advancement for autonomous vehicles.

Edison Yu models SpaceX hitting $100B annual revenue run rate by December driven by Starlink ($40B+ run rate) and cloud services, with AI segment as major cash burn. Even achieving one-third of Musk's $1T 2030 target would imply significantly higher stock value than current levels.

Edison Yu highlights SpaceX's decision to use Nvidia architecture for orbital data center prototypes as a key near-term milestone. Dara Khosrowshahi cites Nvidia's physical AI model release as advancing the AV ecosystem Uber depends on.