Sequoia Capital’s Shaun Maguire likens SpaceX to Nvidia in 2023, citing similar inflection points and revenue growth potential.
Sequoia Capital partner Shaun Maguire compared SpaceX to Nvidia three years ago, stating he plans to hold his shares indefinitely. The comparison highlights SpaceX’s potential growth trajectory, similar to Nvidia’s 420% surge since mid-2023.
Nvidia’s stock rose from a split-adjusted $39.41 in June 2023 to a $4.95 trillion market cap, driven by AI-driven data center revenue, which hit $75.25 billion in Q1 FY27. Maguire’s stance reflects confidence in SpaceX’s long-term revenue model, projecting growth through 2029-2030.
Maguire dismissed comparisons to Tesla, emphasizing SpaceX’s position as a foundational infrastructure play. Sequoia’s long-term backing of SpaceX underscores the firm’s bullish outlook, though public investors lack the same cost basis advantages.