By kucoin.com
Publication Date: 2026-11-02 13:05:00
Article by Zhao Ying, Wall Street Journal View
Recently, Sequoia Capital partner Shaun Maguire posted on X that SpaceX is on the verge of a revenue surge comparable to NVIDIA’s growth over the past three years, and most investors are severely underestimating this.
After SpaceX’s earnings call, Maguire publicly released a bottom-up financial model, claiming the numbers presented were “stunning.” He said the market is currently in a state of panic due to a range of macro factors, including geopolitical uncertainty and inflationary pressures, and he chose to speak out against the tide by publishing a forecast that, in his view, “more than 90% of investors would consider crazy.”
Maguire specifically highlighted that the three most underappreciated core fundamentals in today’s market are: the density of top-tier talent, SpaceX’s position as a low-cost provider of AI computing infrastructure, the historically significant moat created by Starship, and Starlink’s unit economic model. He expects that the Direct to Cell business will surpass Starlink’s revenue scale by 2029–2030 under virtually any scenario.
Top-tier talent density: SpaceX’s hidden barrier
Maguire characterized SpaceX’s team as “the most elite team on Earth” and clearly differentiated its strength-based culture from that of other tech companies in Silicon Valley.
He believes that SpaceX’s uniqueness lies in combining extreme work intensity with a final, objective evaluation mechanism—rockets…
