On one hand, SI CapEx spending, debt, and liabilities are so high that they make current revenues and returns meaningless, but on the other hand SI CapEx and CapEx growth are still too small to justify a $2 trillion valuation from future profits.
SpaceX spends too much, but still not fast enough to grow into its valuation.
On one hand, SI CapEx spending, debt, and liabilities are so high that they make current revenues and returns meaningless, but on the other hand SI CapEx and CapEx growth are still too small to justify a $2 trillion valuation from future profits.
SpaceX spends too much, but still not fast enough to grow into its valuation.