>“50th rocket company, previous ones failed on financials not tech”

Its Falcon 9 has flown 667 times to orbit with a 99.55% success rate. SpaceX isn't like the other rocket companies and it's pretty obvious to anyone who looks at the metrics objectively. Not in technology or in finances.

>"minus $5B/year but AI/Space makes it +$200B”

$18.7B revenue in 2025. Starlink alone was $11.4B

The comparison to Iridium isn't even worth refuting because it's like comparing the Wright Flyer to the 747.

It's a shame that otherwise intelligent people have such difficulty objectively assessing anything Elon Musk; I assume it's mostly idealogical reasons. Do I think $135 is a bit high for the SpaceX IPO? probably. Do I agree with everything Elon Musk says? nah. Is Elon Musk the most capable entrepreneur and innovator to ever live? It's definitely possible.