> If you build one in space and make it work and cost effective, you can scale infinitely

"If we can just keep consuming massive amounts of capital, at some point, we'll turn a profit. Maybe even a big one."

It's not 2019 anymore, but this mindset acts like it still is.

SpaceX, along with its wanna-IPO classmates OpenAI and Anthropic, are going public because there's basically no more private investor money left and there's no political will (outside of whatever the hell is going on in Donald Trump's head) to lower interest rates to what they were in the golden age of blitzscaling.

They have to ask the public for more money. They just don't have enough humility to do it on decent terms, as evidenced by the IPO deals they're floating.

If this fails to produce what you're talking about - which is likely given things like "speed of radio transmissions", "thermal conductivity in a vacuum" and other things governed by those pesky laws of physics - the game's over.