{"id":545,"date":"2026-06-23T16:48:10","date_gmt":"2026-06-23T16:48:10","guid":{"rendered":"https:\/\/longhaulmovingpros.com\/?p=545"},"modified":"2026-06-23T16:48:10","modified_gmt":"2026-06-23T16:48:10","slug":"softbank-ceo-shoots-down-musks-plan-for-orbital-data-centers-as-spacex-stock-falls-back-to-earth","status":"publish","type":"post","link":"https:\/\/longhaulmovingpros.com\/?p=545","title":{"rendered":"Softbank CEO Shoots Down Musk\u2019s Plan for Orbital Data Centers as SpaceX Stock Falls Back to Earth"},"content":{"rendered":"<div>\n<p>Masayoshi Son, the billionaire founder and CEO of Japanese conglomerate SoftBank Group, doesn\u2019t seem too convinced by Elon Musk\u2019s plan to put data centers in space.<\/p>\n<p>Read more <a href=\"https:\/\/longhaulmovingpros.com\/?p=543\">Meta\u2019s New AI Smart Glasses Drop Ray-Ban Branding and Add Kylie Jenner<\/a><\/p>\n<p>Son said the costs of orbital data centers would likely outweigh the benefits and that the AI race will be decided much closer to home, Bloomberg reports.<\/p>\n<p>\u201cIn the battle for AI, the next few years will be far more important than what might happen a decade or so from now,\u201d said Son on Tuesday when asked at an investors event if he plans to send data centers into space.<\/p>\n<p>Son\u2019s comments come just weeks after SpaceX finally hit Wall Street with a historic IPO that turned it into one of the most valuable companies in the world and made Musk the world\u2019s first trillionaire overnight.<\/p>\n<p>However, SpaceX shares have already started to fluctuate after their huge debut. The stock briefly dipped below its opening-day price of $150 on Tuesday morning before rebounding.<\/p>\n<div>\n<\/div>\n<h2>\u2018He who strikes first wins\u2019<\/h2>\n<p>Part of the reason SpaceX was able to pull off such a massive IPO is that the company is selling investors on a completely absurd future earnings potential. In its IPO\u00a0filing, the company estimates it has a $28.5 trillion total addressable market, with roughly $26.5 trillion expected to come from AI alone.<\/p>\n<div>\n<\/div>\n<p>The rocket and satellite company, which acquired Musk\u2019s AI company xAI earlier this year and Cursor after its IPO, has also been selling another dream. Musk has said SpaceX is working toward putting data centers in space.<\/p>\n<p>Read more <a href=\"https:\/\/longhaulmovingpros.com\/?p=541\">Reolink Security Cameras and Doorbells Are Nearly 50% Off for Prime Day, Perfect for a Smart Home Upgrade<\/a><\/p>\n<p>Last year, Musk said he sees a path to shooting 100 gigawatts of computing power into orbit each year with solar-powered AI satellites.<\/p>\n<p>And Musk isn\u2019t the only rich tech guy thinking along those lines. Amazon founder Jeff Bezos predicted that humans could start building massive data centers in space within the next two decades.<\/p>\n<div>\n<\/div>\n<p>Still, Son does not appear to have fallen for the hype. Son said the main benefit of putting data centers in space would be lowering electricity costs. But according to him, electricity only makes up about a small fraction of the cost of operating an AI data center, while the rest goes toward chips, servers, and other infrastructure. Space would also come with plenty of new costs including launching equipment off Earth and dealing with communication delays.<\/p>\n<p>Son called Musk a \u201cremarkable agent of change,\u201d but said SoftBank will focus on building \u201cformidable\u201d data center capacity on Earth.<\/p>\n<p>\u201cHe who strikes first wins,\u201d Son said.<\/p>\n<h2>Son isn\u2019t the only one bearish on orbital data centers<\/h2>\n<p>For his part, Son is fully invested in the AI race here on Earth. SoftBank has committed to invest billions into OpenAI and is part of the company\u2019s Stargate data center initiative. He is also not the only one skeptical about putting data centers in space.<\/p>\n<div>\n<\/div>\n<p>Analysts at Morningstar have warned that SpaceX\u2019s IPO was overvalued. In Morningstar\u2019s best case scenario for SpaceX, the company could eventually use reusable rockets and orbital data centers to capture a significant share of the data center compute market. But the firm assigned that scenario just a 7% probability.<\/p>\n<p>Read more <a href=\"https:\/\/longhaulmovingpros.com\/?p=539\">Roborock\u2019s Taking Up to $1,500 Off Their Best-Selling Robot Vacuums and Wet-Dry Vacuums for Prime Day<\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Masayoshi Son says the AI race will be decided on Earth.<\/p>\n","protected":false},"author":1,"featured_media":544,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Softbank CEO Shoots Down Musk\u2019s Plan for Orbital Data Centers as SpaceX Stock Falls Back to Earth - Long Haul Moving Pros<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/longhaulmovingpros.com\/?p=545\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Softbank CEO Shoots Down Musk\u2019s Plan for Orbital Data Centers as SpaceX Stock Falls Back to Earth - 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