# Gene Munster, managing partner at Deepwater Asset Management, recently shared his take on X, laying out what he thinks is the most important aspect of SpaceX's value.

*semiconductor · news · 2026-04-09 · Markets Insider*

## Key points

- Gene Munster claims SpaceX is uniquely positioned to build a fully sovereign AI system.
- SpaceX's four pillars for sovereign AI are launch monopoly, Starlink, Grok AI, and Terafab chips.
- Munster argues no other company, including Google, controls the entire AI stack like SpaceX.
- He believes sovereign AI, not launches or Starlink, will be SpaceX's main valuation driver.

**Companies:** SpaceX, Google, Alphabet
**Countries:** United States

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/spacex-ipo-gene-munster-elon-musk-terafab-ai-satellites-2026-4)

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