Keep pulling the thread on Robert Shipman.
SpaceX reported having $100 billion in cash on hand.
Robert Shipman predicts SpaceX will experience negative free cash flow of $30 to $40 billion annually for the next few years.
Rating agencies have assigned SpaceX inaugural bond ratings of Baa1, BBB, and BBB+, which are all investment-grade.
Tens to hundreds of billions of dollars are currently being invested in the construction of new data centers to support AI development.
Robert Shipman predicts that significant cash flows from AI monetization will not become apparent until an inflection point in 2028.
Robert Shipman predicts that by 2028, major technology companies will generate so much excess cash from AI that they will engage in large-scale stock buybacks.
Robert Shipman predicts SpaceX will return to the corporate debt markets to raise another $20 billion to $30 billion next year.
Robert Shipman predicts SpaceX will raise an additional $25 billion to $50 billion in debt the year after next.
Robert Shipman predicts that a $20 to $25 billion bond offering from SpaceX would attract an order book of approximately $125 billion.
According to strategists at JPMorgan Chase, companies including Alphabet and Amazon have raised over $300 billion in debt for AI initiatives since November.
Robert Shipman forecasts that AI-related capital expenditures will reach $1 trillion next year and $5 trillion over the next five years, primarily from top-rated tech companies.
SpaceX has a $20 billion term loan that is due in September of the upcoming year.