Post

Dr Pamela L Gay
@starstryder.space

After seeing the headline "SpaceX IPO: How to Buy and Why You Shouldn't" on @barrons.com, I decided it was time to read the prospectus. I'm only a few pages in and folks... the implications of this document ... Do you want to go on a journey with me? Because I'm about to enter the rabbit hole.

Dr Pamela L Gay
@starstryder.space

NB 1: I should be writing an obituary. One of my friends & an occasional personal assistant, @nikkiwalker.bsky.social, passed away Friday night. I am shredding this document because, honestly, I'm better able to handle that at this moment. NB 2: At some point, I'm pausing to get dinner. Let's go.

Dr Pamela L Gay
@starstryder.space

Reminder: SpaceX consists of - The Rocket Launch (SpaceX) division - Starlink, the internet service provider - xAI, (source of Grok), the AI company - X, (aka Twitter), the social media company This is all one company.

peter_donnelly
@peter-donnelly.bsky.social

xAI/Grok bleeds money at aortic levels and is very unlikely to ever become profitable X is dying on the vine The rocket company will become profitable, but it's not a very big market Starlink is a real and successful business. That's it

Dr Pamela L Gay
@starstryder.space

As of March 31, 2026, SpaceX had ~650 launches with 85% using one or more previously flown boosters. I always forget how long ISS astronauts stay in space, so I was surprised to see that there have only been 78 crew flown. SpaceX is responsible for 80% of Mass to Orbit.

Dr Pamela L Gay
@starstryder.space

Also, as of March 31, 2026, Starlink has launched 9600+ satellites, which serve 10.3 million in 164 countries. For comparison, per Wikipedia, - LA has a population of 12.7 million - London has a population of 10.4 million. Comcast serves 51.2 million, and Charter serves 29.6 million.

Shreyas
@shreyasd.bsky.social

How many of these launches had payload of starlink? Effectively what percentage of launches had customer as self? Does this seem organic even?