That’s way too high. Actual number will be more like 6 to 8.

NEW: Trump called Musk and asked him to lift restrictions on a military-grade version of Starlink in Ukraine that the SpaceX chief had throttled, U.S. officials said. The system was working more normally Thursday, shortly after their conversation, per Us and Ukrainian officials

I’m using Starlink to cover both Starlink and Starshield since the distinction is a bit academic—Elon imo used it to mislead—and both are used by Ukr military.

There is not a US 'space program'...there is a transfer of US taxpayer money to Elon Musk.

scoop: SpaceX declined to offer Falcon for three future Space Force missions, and no other company offered to fly them either — an early sign of the launch crunch politico.com/news/2026/10/22…

Morgan Stanley’s Adam Jonas in new @SpaceX note: “Getting other people to pay for your own compute infrastructure that you will ultimately use to train your own robots is a good idea. We see the neocloud build as more of a 'funding strategy' where SpaceX can exploit its comparative advantages in maximizing intelligence-per-watt-per-$-per-second relative to peers. We agree with Elon that the Physical Intelligence Economy (PIE) is economically multiplicative - if not by an order of mag. We believe $SPCX’s ability to help improve the rather challenging PR image of the AI/SI trade is quite under-appreciated today. SpaceX is undergoing a metamorphosis largely undetected by a stock market that still views the company as a neocloud with exo-atsmospheric chops, and not a vertically-integrated, full-stack AI player.”

First time I've seen someone understand space drugs on Twitter. Worth a read:

Scott Galloway says SpaceX is a $10 to $30 stock and the Morgan Stanley and JP Morgan reports on it are creative writing and the analysts need to put down the mushroom chocolates "One of my failings as an investor is I tend to anchor off what it recently traded at. Yeah, it's 45% off its peak, but it's only, what, 5% or 10% off its IPO price. And it's still crazy overvalued." "I think this is a $10 to $30 stock." "You want to see creative writing, look at the analyst reports from Morgan Stanley and JP Morgan." "And I forget, there was someone who put an $800 price on this. God, those people really, it's like, okay, put down the mushroom chocolates." "And if you believe that investment banking and wealth management fees don't influence analyst reports, this makes Henry Blodget in 1999 look responsible."

SpaceX is profitable btw. It makes more money than it spends. This is true for the SI segment separately too. And not even a year ago people called the xAI takeover a "bailout" Lol, OpenAI, Anthropic, MetaAI... none of them are profitable.

Watch live as SpaceX discusses our Q3 2026 earnings at 3:30pm CT today → xitter.cf/i/broadcasts/1PKqrNbLZ…

Before praising the flying Tesla, ask yourself what problem it actually solves.

Its happening.

BREAKING: US threatens "devastating" retaliation against European companies if EU restricts Elon Musk's Starlink from the European market, the US ambassador to the EU tells the FT. He warned European companies they "should be wary that it could happen and it would be very devastating for those companies," given the size of the US market, and urged the EU to keep using US tech. European policymakers are seeking to reduce their dependence on US technology over the risk of relying on foreign companies for critical infrastructure. At the same time the US throttled Starshield for Ukraine's military last week. Musk proposed it, Trump agreed, and the Pentagon executed it.

I agree that these governments will be able to gradually claw back some of their dependency on Starlink. That's quite a low bar. "Hey maybe as a sovereign nation, you should be able to provide all of your own secure governmental communications services." They don't get a gold star and a cookie just for managing to provide their own basic internal government services. But the way this conversation is being presented (from what I've seen) is that this is some kind of huge impact on Starlink. "Devastating" and such. When the reality is that these other constellations will have negligible impact on Starlink commercially.

Tying three turkeys together doesn’t make any of them fly better.

Canada has a long and proud history as a space-faring nation. My father's worked for Spar Aerospace in the 70s, which built some of the earliest satellites (Canada was the third nation in the world after the US and USSR to launch one). Same company built the Canadarm. Replacing Starlink is easy in comparison.