SpaceX told investors from its Bastrop, Texas facility that it's on pace for $100B in annual revenue by December, and Musk called that the base case if the company does nothing else.
A week later Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, quietly revealed it's already in, holding a $1.2B stake as of June.
The smart money isn't waiting to see if the bet pays off.
SpaceX is building the Gigasat Factory in Bastrop
This is the manufacturing backbone for Starmind. SpaceX’s plan to build AI data centers in orbit
A full-scale factory designed to manufacture AI satellites at massive scale
The layout shows how vertically integrated this gets:
• AI satellite production
• AI satellite development
• User terminals
• Gateways
• PCB / silicon
• Solar cells
SpaceX is one of the only companies on Earth that can even attempt this because it already has the pieces:
- Reusable rockets to launch them
- Starlink experience to mass-produce satellites
- Laser link infrastructure to move data
- Solar and thermal systems for power and cooling
- And now a dedicated Gigasat Factory to scale AI satellites
The goal is rapid production and deployment of thousands of AI satellites starting as soon as late 2027
Starlink turned satellites into mass-manufactured internet infrastructure
Gigasat will turn satellites into mass-manufactured AI infrastructure
SpaceX just put a year on the satellite factory.
Gigasat in Bastrop is planned to print thousands of AI satellites starting as soon as late 2027.
One rack already has a launch window. This is the hall that has to fill it.
BREAKING: SpaceX is expanding again at Starlink’s facility in Bastrop, Texas.
A new state filing shows a $7 million project to renovate 56,000 square feet of office and lobby space. Construction is expected to begin in September 2026 and finish in September 2027.
TBC is hiring for the Global Operations Control Center in Bastrop, Texas.
Here, the team operates and monitors boring machines in Bastrop, Las Vegas, Nashville, and soon Dubai. 24/7!
Apply here!