[EARNINGS CALL] SpaceX CEO Musk says Starship's Flight 15 will take place next month; Starship will fly weekly in H1 2027 and twice weekly in H2 2027

• Musk predicts Starlink will reach 100,000 satellites within three years, increasing network capacity 100-fold.

SpaceX is privately held, so the equity angle here is read-through to listed peers in launch, satellite broadband and space infrastructure rather than any direct repricing. Musk has a long-established pattern of setting aggressive cadence and deployment targets on calls of this kind that subsequently slip by a wide margin, and the market's treatment of such statements has historically discounted the calendar while crediting the direction of travel. Weekly-to-twice-weekly flight rates would represent an order-of-magnitude step up from anything demonstrated to date, and comparable step-change cadence claims in this program have previously been gated by regulatory launch licensing, vehicle turnaround and test failures, which is the sequence worth tracking. The Starlink constellation sizing claim matters most for the listed satellite and telecom peer set, since capacity growth at that scale compresses the addressable market assumptions underpinning rival network economics. The tells are the launch license approvals, actual inter-flight turnaround times on upcoming missions, and whether rival operators or their suppliers begin revising constellation or capex plans in response. As a promotional call rather than a disclosed filing, the figures carry no reporting obligation and should be weighted accordingly.