Spot Is Four Times The Hurdle: What $50 Billion-A-Gigawatt Neocloud Rents Say About The AI Revenue Gap

In the AI trade, everyone wants to know what a gigawatt is worth.

Thanks to a chart buried on page 7 of Goldman’s latest SpaceX note, we now have an answer, or rather three of them: $40-50 billion a year if you rent it out short-term, $20-30 billion if you rent it out long-term, and roughly $12 billion if you’re a hyperscaler who simply needs to earn a decent return on it.…

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