Starlink's 2025 revenue is not separately disclosed in the provided excerpts, as the company operates through multiple segments (Space, Connectivity, and AI). However, the Connectivity segment—which includes Starlink—generated revenue increases of $3,788 million (49.8%) year-over-year (p.101-117). For 2025, the AI segment generated $3,201 million in revenue and Segment Adjusted EBITDA of $(1,237) million) (p.282), but specific EBITDA figures for Starlink/Connectivity are not provided in these excerpts.

Based on the filing, Elon Musk can be removed as CEO only by the affirmative vote of holders of a majority of outstanding shares of Class B common stock, voting separately as a class (p.92-108). Since Mr. Musk holds 93.6% of Class B common stock after the offering (p.52-68), removal would be effectively impossible without his consent. The charter specifically grants him this protection and limits removal authority to Class B shareholders alone.

In January 2026, the company granted 1 billion performance-based restricted shares to Elon Musk that vest upon achievement of specified market capitalization milestones across 15 equal tranches ranging from $500 billion to $7.5 trillion, plus the company's establishment of a permanent human colony on Mars with at least one million inhabitants (p.92-108). In March 2026, a replacement award of 302.1 million shares requires completion of non-Earth-based data centers capable of delivering 100 terawatts of compute per year in addition to 12 market capitalization milestones ranging from **