Why AI and Space Tech Titans Will Dwarf Prologis by 2035: A Growth Revolution

In the coming decade, the investment landscape will be reshaped by two unstoppable forces: the AI infrastructure revolution and the expansion of the space economy. Companies like NVIDIA (NASDAQ: NVDA) and Rocket Lab (NASDAQ: RKLB) are positioned to dominate these sectors, while traditional industrial real estate players like Prologis (NYSE: PLD) face a ceiling to their growth. This article argues that NVIDIA and Rocket Lab will surpass Prologis in market capitalization and returns by 2035, driven by exponential revenue growth, secular demand shifts, and valuation multiples that reflect transformative potential.

The NVIDIA Advantage: AI’s Insatiable Appetite for Hardware

NVIDIA’s dominance in AI hardware is fueling a $100 billion data center boom. Its Q1 2025 revenue surged to $26 billion, a 262% year-over-year jump, as enterprises and governments invest in generative AI, autonomous systems, and cloud infrastructure. The Data Center segment alone generated $22.6 billion, up 427% from 2024 levels.

NVIDIA’s P/E ratio (34.17 as of April 2025) is justified by its 43.5% projected annual revenue growth through 2030. Its AI chips power everything from self-driving cars to climate models, and its Blackwell platform is becoming the backbone of the metaverse. Meanwhile, Prologis—though profitable—faces a 6.24% 2025 EPS growth rate, constrained by physical limits to warehouse demand.

Rocket Lab: The Space Economy’s Rocket Fuel

Rocket Lab is the Amazon of small satellites, democratizing access to space. Its Electron rocket has launched over 100 missions, and its Neutron vehicle (debuting in 2026) will target high-value government contracts like the $5.6 billion National Security Space Launch program.

Despite a negative P/E ratio (-61.53) due to reinvestment in R&D, Rocket Lab’s 27.6x EV/Revenue multiple reflects investor confidence in its 78% YoY revenue growth (2023–2024). By 2035, the small-satellite market could hit $300 billion, driven by 5G networks, climate monitoring, and space-based manufacturing. Prologis, by contrast, relies on physical asset appreciation, a model that cannot match the exponential returns of space tech.

Prologis: A Steady Hand in a Volatile World—But Is It Enough?

Prologis’ $8.02 billion in 2024 revenue and $3.06 billion net income highlight its operational excellence. Its 21.13 forward P/E ratio suggests investors expect steady growth, but its 6.9% Q3 2024 revenue growth pales against tech rivals.

The company’s moat lies in its global logistics network, but this advantage is fading. E-commerce giants like Amazon are building AI-driven warehouses, while autonomous delivery drones and space-based logistics (e.g., Rocket Lab’s Photon satellites) threaten to disrupt traditional supply chains. Prologis’ capital reinvestment in brick-and-mortar assets will struggle to keep pace with the $1 trillion AI/cloud infrastructure spend projected by 2030.

Why Tech and Space Will Outpace Prologis by 2035

1. Valuation Multiples Reflect Growth Potential:
2. NVIDIA’s 92x quarterly EV/Revenue multiple (Q2 2025) and Rocket Lab’s 27.6x EV/Revenue are premiums for innovation, not overvaluation.

3. Prologis’ 34.79 trailing P/E is high for a slow-growth REIT, offering limited upside.

4. Capital Allocation: R&D vs. Bricks:

5. NVIDIA and Rocket Lab reinvest $10 billion+ annually in AI chips and rocket tech.

6. Prologis spends billions on warehouses—a finite resource.

7. Secular Shifts:

8. AI adoption will triple data center demand by 2030 (Gartner).
9. Rocket Lab’s $12.6 billion market cap (as of 2025) could grow tenfold as satellites enable space-based 5G, climate tracking, and lunar mining.

Call to Action: Bet on the Future, Not the Familiar

The $134.83 price tag for NVIDIA (May 2025) and $101.49 for Rocket Lab offer entry points into the next industrial revolution. Prologis’ $120 stock price reflects its reliability, but it lacks the exponential growth catalysts of AI and space tech.

By 2035, NVIDIA and Rocket Lab’s $1 trillion+ valuations will eclipse Prologis’ $50 billion ceiling. Investors who allocate now to these sector-transformers will secure returns that dwarf the steady but stagnant gains of industrial real estate. The future belongs to those who build it—and in this case, it’s built on chips and rockets.

Act now: The next decade’s winners are already in orbit.