At the risk of stating the obvious, Elon Musk doesn’t always mean it when he speaks. But in a xAI’s recent all-hands meeting posted onlinehe was less understanding than usual. This isn’t investment advice, but anyone considering buying stock in the SpaceX/xAI conglomerate that’s expected to make an initial public offering later this year might want to give a real thought to how the founder and CEO has been sounding lately.

xAI has seen a flurry of high-level resignations recently. Many of the company’s 11 original cofounders have left, and one of these resignations, Tony Wu, it just happened yesterday.

Musk reportedly hopes to increase $50 billion from investors In the event that SpaceX with xAI is a publicly traded company, and there is a real potential that retirement and pension funds will soon be among those who have a stake in this business. Judging from his latest speech, the goals of this business include building a sci-fi catapult on the moon, discovering ancient aliens, and consuming an infinitely larger percentage of the sun’s energy for some reason.

And it’s one thing if any of it is announced as the same. Jeff Bezos made similar strange statements about realizing the fantasies of 70s sci-fi writers, but—and trust me when I mean this as a faint compliment—at least Bezos’s thoughts were coherent when he said it, and at least he said this kind of thing. on podcasts instead of during a speech given directly to his employees.

As I wrote last weekMusk has worked hard to make the merger between SpaceX, which is mostly a rocket company, and xAI, which is mostly a software company, make sense. A parallel version of his pitch for SpaceX and xAI as a company could be entirely dependent on his idea-harebrained as it can be argued—that data centers in orbit are necessary for the development of AI model training, and that only in space can all these data centers maximize the sun’s exposure for energy, and minimize the effort required to cool it.

But Musk’s pitch also includes the inversion of this concept, or at least tries to invert the concept in a sweaty, high-effort, ultimately ambiguous way. If I honestly do my best to understand Musk’s speech, he seems to argue that only by combining xAI and SpaceX will the concept of intelligence – artificial or otherwise – collect and benefit from the hypothetical knowledge of space in all its dimensions, including what can be obtained from aliens, or by excavating the remains of extinct aliens.

And that’s not to mention his seemingly unrelated preoccupation with using a larger and larger percentage of the sun’s energy—a logical carbuncle randomly plastered all over the pitch. He seems to be coming a fun concept from futurism called the Kardashev Scale which measures the progress of civilizations, but he was never able to land on that rhetorical plane.

But don’t take it from me that this is all meaningless. Again, with an IPO just around the corner, you owe it to yourself to read the entire section of his speech about the future of xAI and SpaceX, which I’ve transcribed verbatim here, minus the ums and uhs.

NEWS: xAI has publicly posted the entire 45-minute all-hands meeting Elon Musk held with employees recently.pic.twitter.com/zw4WFdeKvV

– Sawyer Merritt (@SawyerMerritt) February 11, 2026

(This is a transcript of everything from 41 minutes and 35 seconds of the video to the end.)

“To expand the universe, you have to explore the universe.

You can only learn so much from being on the ground, with telescopes and colliders on Earth. Eventually you have to get out there and you have to explore the universe. To understand this. And that’s the motivation behind the combination of SpaceX and xAI. This is to facilitate the future of humanity in understanding the universe, and extending the light of consciousness to the stars.

So in the grand scheme of things if you look at how much energy the Earth uses for civilization, we’re only using right now, quote, roughly one percent of the Earth’s potential energy. And if we want to use even a millionth of the sun’s energy, that’s almost a million times more energy than civilization is using today. The only way to access that energy—the sun’s energy—is to go beyond the Earth.

The earth is indeed a small, small speck of dust in a great darkness. The sun is 99.8% of all the mass in the solar system. So you have to expand beyond a little dusty ground to make any significant use of solar energy. As said, it – you have to expand almost a million times to get a millionth part of the sun’s energy. And then, beyond that, explore—expand—into the galaxy, and maybe in the future even other galaxies.

So the—the next step beyond Earth data centers is Earth orbital data centers, and we will launch, with SpaceX, orbital data centers at the level of 100 to 200 gigawatts per year. Not cumulative. I mean every year. And finally, we found a way to be able to launch like a terawatt per year of computing from the ground up.

But what if you want to exceed one terawatt per year? To do that you have to go to the moon.

So, by having factories on the moon, building AI satellites, and having a mass driver—which is something you only learn about, read about, science fiction, but let’s make it real—we actually have a mass driver on the moon. And when you do that, you can go several orders of magnitude bigger. You can go to 1,000 gigawatts or more per year, and eventually reach maybe a million, and then, maybe a thousand, and maybe a few percent of the sun’s energy.

It’s hard to imagine what an intelligence on that scale would think, but it’s exciting to see it happen. I really want to see a mass driver on the moon shooting AI satellites in deep space. Just go like “shoom, shoom,” just one after the other. I can’t imagine anything more epic than a mass driver on the moon, and a self-sustaining city on the moon, and then going beyond the moon to Mars, going to the whole solar system, and finally being there among the stars, and visiting all these star systems.

Maybe we’ll meet aliens. We may see some civilizations that have lasted for millions of years. And we find the remains of ancient alien civilizations. But the only way we can do that is if we go out there and explore. And this is one way to make it happen. Thank you.”