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ARK Invest says each SpaceX Starship launch could generate $700 million in annual revenue

ARK Invest said a single SpaceX Starship launch could generate more than $700 million in additional annual revenue, reflecting a business model tied to Starlink and AI services. ARK futurist Brett Winton said investors underestimate SpaceX’s revenue potential. The report cited AI-related contracts, including a 32-month deal with Alphabet and an additional contract with Anthropic, lifting estimated monthly AI service revenue to about $2.2 billion.

AI & Enterprise

Supabase raises $150 million, to buy database startup Turso

Supabase, an open-source PostgreSQL-based database company, has raised $150 million and agreed to acquire database startup Turso. SiliconANGLE reported on Oct. 2 local time that Supabase also unveiled a new cloud service, Supabase Compute, alongside the funding. The round was led by Singapore sovereign wealth fund GIC, with participation from Alphabet\'s CapitalG, IronArc and Square Peg. The purchase price for Turso was not disclosed.

AI & Enterprise

Musk says retirement savings could become meaningless in 10 to 20 years

Elon Musk said artificial intelligence is likely to evolve in ways that give everyone higher incomes and better medical services, while changing the form of jobs rather than eliminating them. He said the most likely outcome is an age of abundance and that universal high income could be possible. Musk also said AI, robots and superintelligence could deliver top-level healthcare worldwide. He spoke after a White House meeting and joined other executives in signing a pledge on safe AI development.