Bret Johnsen just gave a pretty insane look into what SpaceX is actually building. There is so much happening inside SpaceX right now. A few things he said really stood out: > SpaceX’s entire strategy is vertical integration. Rockets, satellites, compute, power, software and eventually the customer. > Starship is the foundation for everything. Cheaper, fully reusable Starship unlocks massive Starlink expansion, direct-to-device and orbital compute. > Flight 14 is expected to be the first revenue-generating Starship flight, carrying production V3 Starlink satellites. > SpaceX is targeting recovery and eventual rapid reuse of both Starship stages as soon as next year. > Terrestrial AI compute is already becoming a massive business. SpaceX expects well over 2 GW by year-end and 5–10 GW deployed next year. > A new hosting deal adds roughly $1.1B/month starting December, putting SpaceX on track for roughly $100B ARR annualized by year-end. > New compute investments can pay back in under a year. Johnsen says they are seeing roughly $30–$50 per watt in monetization. > Orbital compute could reach cost parity with terrestrial compute surprisingly soon because SpaceX controls the rockets, satellites and infrastructure. > First orbital compute satellites are targeted for next year, with the system scaling significantly afterward. > The Cursor acquisition is about speed. AI is moving too fast for SpaceX to rely entirely on organic development. > Grok 4.6 is already ahead of 4.5, with 4.7 coming soon. SpaceX wants the best AI product, not just the best infrastructure. > Starlink has evolved from “better than nothing” into enterprise-grade connectivity, with huge opportunities in aviation, maritime, rail and other mobility markets. > Physical AI could create another enormous demand driver. Robots, autonomous cars and aircraft will need constant connectivity. > Direct-to-device is progressing toward full 5G-quality service, with the next generation of satellites already being developed. The bigger picture is fucking insane: Starship → cheaper launch → massive satellite scale → Starlink + mobile + orbital compute → AI infrastructure → AI products → physical AI. SpaceX isn’t building separate businesses. They’re building one giant vertically integrated machine where every piece makes the others more powerful.