SpaceX sets Starship and computing-infrastructure targets

A host recapped points from SpaceX’s quarterly earnings call. According to the host, one not-fully-loaded Starship can launch the equivalent of 10 Falcon 9s’ worth of Starlink satellites. The company is pursuing not only rocket reusability but rapid reusability, which hosts said SpaceX had identified as something to watch for over the next quarter.

Much of the call focused, in the host’s account, on terrestrial computing infrastructure. SpaceX is targeting 2.5–3 GW online by the end of this year and is on pace for 10 GW next year. Elon Musk also left open the possibility of reaching 20 GW next year, while discussing infrastructure being built to support that capacity even if the power itself is not yet available.

Musk compared SpaceX with other cloud and “neo-cloud” players as “the New York Yankees playing in the Little League.” He argued that compute’s value per watt will rise as models improve and deliver more useful intelligence per watt. He said short-term compute contracts are renewing at higher prices and that demand from hyperscalers and dozens of smaller companies substantially exceeds available capacity. He predicted a lasting shortage of superintelligence compute and advocated short-term contracts.

The host added that Musk expects most of SpaceX’s compute eventually to go toward GroqBot. The host also relayed an estimate of SpaceX annual recurring revenue by the end of 2027 at $500 billion to $1 trillion. The hosts noted that Musk used the term “annual recurring revenue,” rather than the more usual annualized revenue run rate.