Elon Musk has a habit of answering the biggest questions about his companies without actually answering them. He was asked directly at the All-In Summit why Tesla and SpaceX still operate as two separate companies. He gave an answer that sounded like a riddle but landed like a signal.

SpaceX's CEO just made a sweeping promise about Starlink's next generation that would dwarf everything the constellation delivers today, but the gap between a capacity claim and actual revenue is where fortunes get made or lost.