SpaceX, aiming at the vast starry sky, sets its sights on smartphones! "Starlink direct terminal" may bring communication into the satellite era.

Media reports, citing informed sources, suggest that Starlink, the satellite internet subsidiary of SpaceX, founded by Musk, with a valuation as high as $1.5 trillion, may enter the smartphone market and global consumer communication services market on a large scale. It will provide direct-to-device internet services and a space tracking service. At least three informed sources revealed that the plan includes creating a high-performance mobile device that can connect to its Starlink satellite-level internet constellation, potentially competing with smartphones. The specific design details of the device and Musk's leadership in the development of mobile smart devices are still unclear. Sources told the media that Musk's satellite and rocket company has had significant plans related to smartphones for years. Last week, when asked if it was possible to launch a Starlink phone, Musk responded, "It's not impossible at some point." Musk has stated multiple times that it would be a mobile device that is fundamentally different from current smartphones. He emphasized that it would be optimized for running neural networks with maximum performance/watt. For Starlink, the most feasible approach may be to continue to scale the "satellite internet direct-to-device capability" in a collaborative form (similar to T-Mobile using satellites as the last layer of coverage), while introducing stronger self-operated satellite internet services in certain scenarios (extreme outdoor, emergency, military, maritime, remote areas). The so-called "Starlink phone" is more likely to unify the consumer satellite communication experience into "end-network-constellation integration" and provide differentiated services for AI loads (Musk's "performance/watt neural network" guidance). Starlink is SpaceX's main revenue engine and the most crucial profit generator, known as SpaceX's "cash cow" business. Last year, the company achieved profits of around $8 billion on revenue of $15-16 billion; according to two sources familiar with the company's performance, Starlink contributed approximately 50% to 80% of the latest revenue data. Recently, SpaceX announced the acquisition of another privately held company founded by Musk, xAI, one of OpenAI's strongest competitors, creating a super tech giant with business areas covering "commercial aviation (Starlink/Starshield)+ computing power (ground/future orbit)+ AI big models (Grok AI big model/AI intelligent product)+ marketing/distribution (X social media platform)." Musk's current attention and business focus may shift entirely to SpaceX's upcoming IPO, the recent large-scale merger, and the latest venture into the mobile device market and consumer communication services, likely to boost SpaceX's IPO momentum. Some Wall Street analysts suggest that the merger of Tesla and SpaceX could be Musk's next plan, resulting in a "super business empire" comprising Tesla, SpaceX, and xAI. Starlink's "cash cow" status has led it to target the smartphone and consumer communication markets in order to elevate SpaceX's valuation from a "satellite broadband business" to a "global communication platform for mobile devices." This strategic move seeks to enhance valuation by offering repeatable cash flows, expanding the market through the Starlink-exclusive smartphone and global consumer mobile satellite internet, and introducing new high-margin data services. Starlink's core profit engine status within SpaceX (with revenue contributions of 50%-80% last year) has been pointed out in the information provided by the sources. The value of such "phone/direct terminal" narratives lies in shifting the valuation anchor from aerospace manufacturing (project-based, highly volatile) to communications and platform-based businesses (continuous smartphone sales, subscription ARPU, repurchases, and network effects). As direct terminals evolve from "text messages/low-speed data" to higher availability voice/data layers, the overall valuation model of Starlink and SpaceX resembles a combination of a global communication operator, satellite communication cloud platform, and Starlink smartphones, leading to a higher long-term cash flow multiple from investors and providing a tangible product roadmap for accelerated growth prior to IPO. According to sources, SpaceX is considering going public in June (around Musk's birthday), with a potential fundraising amount of up to $50 billion, making it the largest IPO in history. The estimated valuation is expected to reach $1.5 trillion, close to Tesla's $1.6 trillion. The consolidation of Tesla, SpaceX, and xAI into a "super business empire" could be the ultimate fate of the three companies founded by Musk. SpaceX, along with its flagship business Starlink and the space AI computing power system being developed, are independent entities under SpaceX, but the "Musk ecosystem" built by SpaceX and Tesla is enough to impact Tesla's stock price sentiment and long-term premium on the cyber technology narrative. Significant developments at SpaceX (such as IPO rumors/progress, Starlink growth, progress in the space AI computing power infrastructure, etc.) would greatly strengthen the market's deep positive evaluation of Musk's execution and risk appetite, influencing Tesla's long-term valuation central and providing new catalysts for Tesla's long-term narrative. As the biggest bottleneck in global AI data centers shifts from "AI chips" to "power systems and deployment," SpaceX's narrative of sending data centers into space and powering them with CECEP Solar Energy is entering an engineering trial-and-error period, with the capital market urgently needing a larger, more stable capital pool and more unified organizational boundaries. With Tesla CEO Musk highlighting positive progress on large-scale energy storage, artificial intelligence, fully autonomous driving (FSD), Robotaxi, and innovative "Optimus" humanoid Siasun Robot&Automation on earnings calls, the world's richest man seems to be stringing together a "super vertical integrated asset chain" of "commercial space launches + Starlink communications + space AI computing system/AI big models + energy/storage + electric vehicles + autonomous driving + Siasun Robot&Automation manufacturing" that can be financed and articulated for both the capital market and industry leverage. By unifying the most popular global investment themes or narratives such as AI, communication, space, energy, and Siasun Robot&Automation into a "full-stack infrastructure platform," it undoubtedly helps in pricing large-scale IPOs, elevating Tesla's valuation, mid-term IPO roadshows, and restructuring investors. "Musk Super Business Empire" - According to sources, SpaceX is considering going public in June (around Musk's birthday), with a potential fundraising amount of up to $50 billion, making it the largest IPO in history. The estimated valuation is expected to reach $1.5 trillion, close to Tesla's $1.6 trillion. Consolidating Tesla, SpaceX, and xAI into a "super business empire" could be the ultimate fate of the three companies founded by Musk. SpaceX, along with its flagship business Starlink and the space AI computing power system being developed according to plan, are independent entities under SpaceX, but the "Musk ecosystem" created by SpaceX and Tesla is sufficient to influence Tesla's stock price sentiment and long-term premium on the cyber technology narrative. Significant developments at SpaceX (such as IPO rumors/progress, Starlink growth, progress in the space AI computing power infrastructure, etc.) would greatly strengthen the market's deep positive evaluation of Musk's execution and risk appetite, impacting Tesla's long-term valuation core and providing new catalysts for Tesla's long-term narrative. As the biggest bottleneck in global AI data centers shifts from "AI chips" to "power systems and deployment," SpaceX's narrative of sending data centers into space and powering them with CECEP Solar Energy is entering an engineering trial-and-error period, with the capital market urgently needing a larger, more stable capital pool and more unified organizational boundaries. With Tesla CEO Musk making positive progress on large-scale energy storage, artificial intelligence, fully autonomous driving (FSD), Robotaxi, and the innovative "Optimus" humanoid Siasun Robot&Automation on earnings calls, the world's richest man seems to be stringing together a "super vertical integrated asset chain" of "commercial space launches + Starlink communications + space AI computing system/AI big models + energy/storage + electric vehicles + autonomous driving + Siasun Robot&Automation manufacturing" that can be financed and articulated for both the capital market and industry leverage. By unifying the most popular global investment themes or narratives such as AI, communication, space, energy, and Siasun Robot&Automation into a "full-stack infrastructure platform," it undoubtedly helps in pricing large-scale IPOs, elevating Tesla's valuation, mid-term IPO roadshows, and restructuring investors.