180 degree turn for Elon Musk: he puts Tesla aside for a new bet in 2025

It seems that Elon Musk has tired of electric cars and now wants to conquer the world of robots and artificial intelligence. The billionaire who brought Teslas to the whole world is taking “new year, new life” literally, and wants to make a big change by 2025.

In short, it is going to put electric cars in the background – although there will surely be news – to focus on a new and ambitious bet for next year: SpaceX and its Starlink project.

This other Musk company has very recently reached an internal valuation of $350 billion, making it one of the most valuable unlisted startups in the world and here the key to its success lies in Starlink, its broadband satellite network.

SpaceX, to give you an idea, is changing the rules of the game on several fronts. On the one hand, its rockets, which are large in size but above all reusable, have caused launch costs to drop completely. On the other hand, Starlink’s performance against the competition justifies more and more launches.

Elon Musk plans to leave Tesla behind to focus on SpaceX and Starlink in 2025

The numbers speak for themselves: SpaceX already has about 7,000 satellites orbiting the Earth and adds about 60 every week. According to BryceTech estimates, SpaceX was responsible for more than 85% of all orbital payloads in the first quarter of this year.

While Tesla faces the increasingly complex and tough Chinese competition and the resistance of combustion cars, SpaceX seems to have the road completely clear to introduce the turbo. Starlink already has five million users in 114 countries, and is expanding its services to mobile telephony.

Quilty Space estimates that Starlink will generate revenue of $6.6 billion in 2024, with EBITDA of $3.8 billion, which is an incredible 58% margin. TMF Associates goes further and projects revenues of 24 billion by 2030.

Comment that Donald Trump’s victory in the presidential elections could work in Musk’s favor. His ties with the already president could open the door to subsidies that previously seemed impossible, such as the $42 billion allocated to rural broadband in the United States. With all this, it is logical to think that in 2025 electric cars will be relegated to the background.

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Tags: Electric car, Tesla, United States, Elon Musk