Elon Musk’s ventures—X, xAI, SpaceX, and Starlink—form a vertically integrated behemoth too big to fail, spanning discourse, big data, and the future of truth. SpaceX, with a market value of more than $2 trillion, recently had a spectacular initial public offering and now controls Starlink, a satellite internet service with around 10,000 low-Earth orbit satellites, accounting for about 70 percent of satellites in orbit. On an episode of FP Live, historian Quinn Slobodian explained that SpaceX’s IPO prospectus describes three segments: rockets (Falcon 9, which more or less break even), connectivity (Starlink, the only part currently making money), and AI (xAI, which lags behind Anthropic, OpenAI, and Google Gemini). Most future growth and profit—85 percent—is supposed to come from AI. Millions of people are automatically invested in SpaceX through index funds and pension plans following its Nasdaq listing.