Musk kept inflating the already-big promises being made by SpaceX CFO Bret Johnsen and Gwynne Shotwell on the company's first call.

Elon Musk spent SpaceX’s first earnings call making some out-of-this-world claims about the company’s business and future prospects, while his fellow executives kept trying to bring his ideas closer to Earth — providing a hint of what’s to come now that his rocket-launching, compute-leasing, satellite-based telecom is public. The conference call, held Tuesday, was the latest in a years-long succession of Musk making outrageous promises that his executives then have to make more digestible for the investing public — like at Tesla, where a recent analysis by TechCrunch showed that the world’s richest man is increasingly focused on futuristic topics while his colleagues spend their time talking about the actual business of selling cars. Let’s start with one of the biggest ideas Musk floated on the call: that he expects SpaceX’s Starlink service to “deliver a majority of the world’s internet” in “less than 10 years.” Musk made the comment in the context of SpaceX preparing to launch the first “V3” versions of its Starlink satellites, which have much higher bandwidth than previous versions. It’s kind of hard for people to wrap their minds around this, but like, it’s not out of the question that at some point, Starlink will deliver a majority of the world’s internet, at least in countries where we’re allowed to operate, which is the vast majority of countries. So this is, you know, important to bear in mind, and it’s not in like the infinity future. It’s, you know, less than 10 years. Contrast that with what chief operating officer Gwynne Shotwell said just a few minutes later, emphasis mine: The significant amount of capacity we’re able to add to the Starlink constellation from the V3 satellites will enable us to continue providing even better service — and it’s pretty great already — but to do so while serving more and more customers over the world. In fact, in the years ahead, we expect Starlink will represent a significant portion of global internet traffic, which Elon also talked about. It’s a far more lawyered-up claim to make, even though it’s still obviously ambitious. But that was not the only instance where Musk optimistically diverged. At one point, SpaceX chief financial officer Bret Johnsen offered investors one of the few new financial targets discussed on the call. Johnsen was highlighting SpaceX’s relatively new business of renting out compute power to other AI players, which has helped the company generate billions in fresh, fast cash.