SemiAnalysis data center permitting and construction expert; tracked 1M+ US sites for power/warehouse availability, turbine supply, and labor bottlenecks.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Google signed SpaceX on-demand deal with 90-day cancellation for immediate GPU needs but plans to cancel in 6 months. Meanwhile, top researchers (Jeff Dean, Dave Silver, John Jumper, Noam Shazeer) are leaving to raise $1-2B seed rounds because Google won't allocate 1% of $300B capex internally. Suggests structural inability to compete at frontier despite massive spend.
Crusoe achieves best-in-class modular data center construction but SpaceX's Colossus 2 used ~3,000 workers/GW vs Crusoe's ~9,000, via Chinese prefabrication.
Tesla's battery supply enables SpaceX to reduce backup generator redundancy, accelerating data center deployment timelines.