SpaceX's launch business, and specifically rapid reusability of Starship, is the foundational requirement that makes orbital AI compute economically attractive.

6:43in terms of this. But what I want to do is go to go to Fox. Give us the breakdown. Three big lines of business, right? We've got the the the communication Starlink launch business, we've got the, you know, AI compute business and then I want to come back to x.ai that you were just clicking on. But if we just go to the core business, what do we have to assume goes right in the

7:03core business both with launch and with Starlink in order to achieve the numbers that are out there? >> Yeah, sure. So, look, I think the thing that's foundational to everything is the launch business. >> Right. >> Right? This is the kind of crown jewel of SpaceX. Um it's something that no one else really has, notably reusability. >> Right. >> And soon rapid reusability. Right? This is, I think, what you need to believe in

7:27to get to the economics in AI that make orbital compute something that's very economically attractive. >> Right. >> Outside of the idea that we are in shortage for power, shortage for chips. Right? Um so, I think rapid reusability is the main thing that we're watching for and I think most people should watch for. Um, you know, Elon talks about it a lot, but getting these rockets to fly at a

7:50cadence that's comparable to an airline, right? And and Gavin has used this analogy before, but um, the old rocket industry was kind of like, imagine boarding a plane, flying to California, getting off the plane, the plane explodes after. Um, so I think what SpaceX are ultimately trying to achieve is have a Starship fly both stages, not just the booster. Um, uh, 30, 40, 50 times before you have to retrofit that ship.

8:20Um, and when you do that, you're amortizing the cost of the vehicle over many flights, right? And that's what brings the cost down significantly. Um, >> But that's a really hard problem to solve. >> Extremely difficult and look, I think the company, you know, have been loud and clear, they're going to attempt to bring back the second stage >> Right. >> of Starship later this year. >> Right.

8:43>> Um, and then make it reusable, you know, re-fly the second stage next year. Um, and from there, ramp up the cadence. But at the end of the day, driving down the cost of launch is what enables all of these other businesses and is what makes them so attractive relative to incumbents. >> So how many how many times are we Starship just launched Starship 3, you know, just launched. How many launches