[mrDmrTmrJ]

Well, if 2/3 of SpaceX's current launches are for Starlink (which deploys satellites in LEO), isn't a two-stage, fully reusable vehicle optimized for LEO deployment the thing SpaceX would want to build?

In terms of "free cash flow" expectations, are you aware that approximately 90% of "space" revenue and profit comes from satellite telecom services, with launch services accounting for about 10% of the mix? SpaceX's development of a telecommunications constellation (Starlink) is highly consistent with historical industry patterns of what makes profit in space.

https://brycetech.com/reports/report-documents/global_satell...