SpaceX SPCX begins roadshow! The complete IPO demo video is here! What if we condense this roadshow into one sentence? SpaceX is no longer a rocket company, but is building a new super platform of "space launch+global Internet plus+AI infrastructure", aiming at 6 trillion yuan! The 12 most important points that families should pay attention to: SpaceX is upgrading from a rocket company to a $6 trillion market platform CFO Bret Johnsen directly gave SpaceX's future strategy: Level 1: Rocket Launch Layer 2: Global Internet Layer 3: Artificial Intelligence AI SpaceX is no longer just making launch fees, but eating up: • Aerospace market • Global Internet market The AI infrastructure market Targeting opportunities worth nearly $6 trillion in total. Starship is the true game rule changer Falcon 9： 23 ton transportation capacity Falcon Heavy： 64 ton transportation capacity Starship V3： 100 ton transportation capacity Starship V4： Target 200 ton transportation capacity what's more: Completely reusable. Falcon has reduced its historical launch costs by 85%. And Starship still needs to achieve a further reduction in order of magnitude on this basis. This means that future launch costs may approach those of air transportation modes. This is the foundation of all SpaceX business models. 3. Starlink has become the world's largest satellite Internet network Currently: • Over 9600 satellites Approximately 75% of the world's maneuverable satellites • Covering 164 countries and regions • Serving over 10 million users The number of users has increased by over 100% year-on-year The combined size of all competitors' satellites is still much smaller than Starlink. This has already formed a clear network effect. Starlink V3 will experience a 20 fold performance leap Current V2 satellite: 96Gbps/satellite Future V3 satellites: approximately 1Tbps per satellite Performance improvement exceeds 10 times. And Starship launches 60 V3 satellites at once Total downlink capacity: 61Tbps The single launch capacity has increased by 20 times compared to today. Starlink will begin to account for an important proportion of global Internet traffic in the future. 5. Mobile phone direct satellite service targets the remaining 3 billion population Currently: 650 D2D satellites have been launched Collaborate with 30 telecom operators • Covering a population of 1.9 billion This includes: Large operators such as T-Mobile. Next generation Gen2 system: Provide complete 5G connectivity directly. This is a key gateway connecting the remaining 3 billion unconnected people worldwide. SpaceX officially lists AI as the third growth curve This is the biggest addition to the entire roadshow. For the first time, the management has placed the AI business at the same strategic position as Rocket and Starlink. The logic is very simple, it has its own: • Launch capability • Satellite network • Power system • Data center So continue to extend upstream: train your own large model. So: Colossus AI Supercomputing Center was born. Colossus is building the world's largest AI training cluster Currently: The world's largest unified AI supercomputer The first GW level training center The first GW level Megapack energy storage system The first batch of large-scale deployment of GB200/GB300 Adopting: Nvidia's latest Blackwell architecture. The core of AI's ultimate competition is infrastructure, and SpaceX has infrastructure capabilities that others cannot replicate. SpaceX is preparing to send AI data centers into space This is the craziest and most futuristic part. In the next few years, a rail AI computing center will be built. Core logic: Free solar power supply+natural heat dissipation in space+Starlink laser network interconnection In theory: approaching zero energy costs. This is the ultimate form of future AI infrastructure. 9. xAI and X platforms form a unique moat The biggest differentiation of Grok comes from: Truth oriented AI, love to tell the truth Simultaneously combining: real-time data stream from X platform. Compared to traditional models, Grok has continuously updated real-time world data. This is an advantage that competitors such as OpenAI and Anthropic find difficult to replicate. SpaceX has started commercializing AI Latest case: Anthropic has signed a custody agreement. Utilize SpaceX AI infrastructure. Meanwhile, the cursor collaboration has also been implemented. Explanation: SpaceX not only trains its own models, We are also planning to sell computing power services externally. Similar: a combination of AWS and OpenAI. 11. First large-scale disclosure of financial data In 2025: Revenue: 19 billion US dollars Adjusted EBITDA: Approximately $7 billion R&D investment: 3.6 billion US dollars Capital expenditure: 21 billion US dollars The vast majority of them are used for AI construction. Q1 Data: Revenue: 5 billion US dollars Among them, Starlink and connectivity business contributed approximately $3 billion. 12. SpaceX's true endgame goes far beyond rockets The future markets listed by the management include: • Lunar Economy Mars colonization • Point to point Earth transportation • Space manufacturing • Rail industry Asteroid mining After the success of Starship, it will open up a new economic system that has never existed before!