Based on the filing (p.101-117), Starlink's Connectivity segment generated $7,584 million in revenue for 2025 (calculated from the $3,788 million increase representing 49.8% growth). However, the document does not provide a separate EBITDA figure for Starlink specifically—it reports Segment Adjusted EBITDA metrics by division, with the Connectivity segment showing strong operational performance but detailed EBITDA calculations not disclosed in these excerpts.

Based on the filing, Mr. Musk can only be removed from his board and leadership positions by an affirmative vote of holders of a majority of outstanding Class B common stock, voting separately as a class (p.92-108). Since Mr. Musk holds 93.6% of Class B common stock (p.52-68), this removal mechanism is effectively unavailable in practice, as he alone controls far more than the majority threshold required.

In January 2026, the Company granted Musk 1 billion performance-based restricted shares of Class B common stock that vest upon achievement of specified market capitalization milestones across 15 equal tranches ranging from $500 billion to $7.5 trillion and the Company's establishment of a permanent human colony on Mars with at least one million inhabitants, subject to his continued employment (p.92-108). In March 2026, a separate award of 302.1 million performance-based restricted shares replaced his xAI Award with vesting tied to different market capitalization milestones and the completion of **non-Earth-based data centers capable of delivering