Tepper bets on AI’s physical backbone | Durham News

David Tepper is betting big on the physical backbone of AI—factories, data centers, and rockets—not just the software. He’s poured over $100 million into CoreWeave, which rents out AI-powered computing power, and nearly $40 million into SpaceX, whose Starlink internet and emerging AI ventures are scaling infrastructure from space. With AI demand exploding and supply chains strained, Tepper sees these companies as the real winners: CoreWeave faces a $100 billion backlog but needs billions to expand, while SpaceX controls rocket launches and satellite deployment at an unmatched scale. This isn’t just a bet on AI—it’s a play on the “picks and shovels” that will power the next wave of innovation.

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