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Are you forgetting that you need to launch from one of those "suffocating regulatory states"?
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Some of those states could project power in orbit if they wanted to. I'm not normally a hawk but I'll make an exception in this case.
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If it's something that could even realistically be done, which again I don't actually concede based on what I said before, then maybe it would have slightly less regulation.

Or, and hear me out, Elon is just a drug addict who makes shit up based on his 12-year-old-boy fantasies because it sounds neat and investors just eat it up.

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