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Space Exploration Technologies Corp. and Tesla Inc. CEO Elon Musk thinks that the U.S.’s advances in artificial intelligence and robotics would help the country widen the wealth gap with Europe.
AI, Robots Will Be the Key Factors
In a post on X on Sunday, TV Presenter John Stossel posted a video asking why the U.S. was “50% richer” than Europe despite the latter having 100 million more citizens than the U.S. “This difference will get much bigger due to AI and robots in America,” Musk said in his response on Monday.
This difference will get much bigger due to AI and robots in America
— Elon Musk (@elonmusk) August 31, 2026
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According to a report by the Financial Times last week, since 2021, the U.S.’s investments in AI technology rose three times faster than those of Europe, but the report also cited experts, who warned of an investment “bust” should the adoption of the technology fail to match expectations.
Starbase in Louisiana, Terafab
Massive investments in AI and robotics were further illustrated by Musk’s Starbase in Louisiana, which could result in the Optimus becoming the first-ever “Von Neumann” machine. He also said that the company was targeting 1 Gigawatt of solar power deployments.
The Terafab facility, which Tesla and SpaceX are breaking ground on in Grimes County, Texas, will become the world’s largest building. The facility is touted to be able to produce more than 1 terawatt of AI compute hardware annually.
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It will also be capable of churning out custom chips for Tesla’s Cybercab fleet, as well as Optimus and space infrastructure. However, Musk said the facility will cater more towards SpaceX than Tesla.
SpaceX Revenue To $3.5 Trillion?
The comments come as the CEO earlier predicted that SpaceX would reach a revenue of $3.5 trillion by 2033, which was seven years earlier than investment bank Morgan Stanley‘s prediction about the company. He had also predicted that SpaceX would reach $1 trillion in revenue by 2030.
Photo courtesy: Shutterstock
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