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Shares of Tesla jumped 6 percent on Monday morning, as analysts at Morgan Stanley predicted that Elon Musk’s Dojo supercomputer project could unlock as much as $500 billion in value for the company.
Analysts now say it could be a catalyst on the level of what Amazon Web Services did for Amazon by taking the company to a new level of profitability. Amazon Web Services brought in $21.35 billion in Q1/2023 alone.
Forbes is calling the Dojo supercomputer “a paradigm shift in supercomputing.” And it’s renewing debate over whether Tesla, which has sold over 4.5 million cars as of July, is primarily a car company at all.
But as Tesla shares surge on the excitement around Dojo, one venture capitalist and tech visionary’s attention is riveted on one of Elon Musk’s lesser-known exploits.
He’s calling it “Project Omega.” And it’s already forecast to be orders of magnitude larger than the $500 billion wealth explosion that Dojo could unlock.
Because in one unassuming blue building at the corner of Folsom and 18th streets in San Francisco, Elon Musk and a few other billionaires launched “Project Omega” which is forecast to create $15 trillion in new wealth.
Bill Gates says it will change the world. Bank of America says it could revolutionize everything. And Forbes warns it is “set to unleash the greatest profit engine in history.”
Love or hate him, it’s fair to say Elon Musk has consistently pulled rabbits out of his hat and upended whole industries in his 20+ years as a tech CEO, with PayPal, Tesla, and SpaceX among his game-changing endeavors.
So, why is “Project Omega” set to be 30x bigger than Dojo, which has sent Tesla shares soaring… and also bigger than PayPal, Tesla, and SpaceX combined?
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