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Elon discusses his 5 step process at 13:24
  1. Make requirements less dumb
  2. Delete the part or process
  3. Simplify or optimize
  4. Accelerate cycle-time
  5. Automate
Do steps 1-3 before 4 and 5.
Build.
I just don't get how this company is supposed to be profitable. Developing this stuff is expensive for a few niche use cases of internet subscriptions? Are they just scamming lenders and investors out of their money because "space rockets" sounds cool? 🤣🤣