I’ve Got a Confession to Make… I Was WRONG About Bitcoin!

**Dante Cook** (0:01)
All right, y'all, I've got a confession to make.
You're not going to believe it. I was wrong about Bitcoin. I let my ego and pride get in the way, thinking it's the future, but it's not. If you stick around, I'm going to make the case that the future are going to be built on data centers, AI, robots, and compute. Bitcoin isn't the future, it's AI. With some of the largest IPOs in history coming out this week with OpenAI, Anthropic, and SpaceX, I'm selling it all. I mean, I get to buy a share of ChatGBT, Claude and Elon's brainchild. All the Bitcoiners said Bitcoin is going to the moon, but Elon and SpaceX are going to Mars. This is going to be a hard episode for me, but I gotta be truthful because that's who I am. This is Dante Cook. Let's get into it.
So I gotta be real with y'all.
I made a mistake. People started liking my videos, my real raw, honest takes about Bitcoin, how I presented the information and the content, and I loved it. I loved the fame. I loved the likes, the comments. It all got to my head. My head got a little big, as you can see here on the screen. I even went as far as to build a new studio. And even though I hung the Bitcoin B on the wall behind me, by Friday, it's going down because I'm investing in SpaceX's IPO. I'm investing in the future, guys. AI data centers in space. I was invited with 3,500 of the wealthiest people in the world personally by Jamie Dimon to listen to this conversation with Elon Musk, talking about data centers in space and how it's going to be the future.

**SPEAKER_2** (1:29)
10 questions for you.

**Elon Musk** (1:30)
So I want to make sure I get to each one. Some of them came from folks here. They're all important. But one, just to start, is why SpaceX public now?

**Michael Saylor** (1:39)
Because you had choices, you didn't have to.

**Elon Musk** (1:41)
Why now?

**SPEAKER_2** (1:43)
Yeah, I've been asked for many years about taking SpaceX public. So it's probably been almost 10 years that people have been suggesting to me that I should take SpaceX public. We've been positive cash flow for quite a long time, I think, since around 2014, 2015
And we've been self-funding, in fact, in our private equity rounds. They actually have not been fundraising rounds. They've been liquidity rounds for investors and employees because we give everyone at the company stock. And SpaceX has actually bought back stock in most of our sort of funding events. So what's different about now is that it's a number of things, but we are barking on a significant growth phase, like capital growth phase, where we are going to put in order to probably 100,000 satellites, or probably over 100,000 satellites just for communications. And these will be the version 3 and beyond, versus version 2 and version 1 that are currently in order. Version 3 is depending on how you count it, 10 to 20 times more capable than the version 2 satellite.
And there were 3 chips that the SpaceX chip design team taped out that are specific to this, that are far beyond state of the art. Which means it's 100 times more bandwidth than the SpaceX Starlink system currently offers. And also half the latency, because the altitude will be about half the altitude.
I think it will actually be the highest bandwidth, lowest latency means of communicating. And the future with AI and robots is actually going to require a lot more bandwidth than we currently use. Because you can imagine what's the bandwidth of a human. Its peak bandwidth of the human is a few hundred bits per second, but bandwidth of a computer can be a trillion bits a second. So the appetite for bandwidth of AI and robots is going to be enormous.
And then we're also doing the AI data centers in space, which is another massive capital endeavor. But I think it will be the primary means by which AI can be expanded.

**Dante Cook** (3:42)
I mean, look at all the benefits. We can now post unlimited questions to Jack GBT and Claude without pissing off all of the rural counties in America at the same time for stealing all of their land. What's not to like? And the crazy part is, 30% of the shares for the SpaceX IPO are available to retail investors. What can go wrong?

**SPEAKER_5** (4:02)
Hey, I could get any of this stuff.

**Elon Musk** (4:04)
It's still not open to...
I'm speculating. Is there? I'm asking you. Is there any way I could get in and get a round lot of this, of SpaceX at the IPO price?