I don't understand what kind of media someone has to consume to not understand that SpaceX does completely globally dominate launch services. Like, it's not even close.

I have no opinion on whether other companies might catch up to them (either tomorrow or 10 years from now), but your quote is a completely accurate statement about the world as it exists today.

Launch service makes billions in losses and the Chinese have now the same technology. The only cash cow they have is Starlink.

If you read the IPO prospectus, none of theses things is were the money is supposed to be earned in the future. The money comes from the 3rd pillar, AI. Again AI is the biggest loss maker they have.

I would not invest in their launch services, nor in their AI. But I would invest in StarLink if they spun it off and if it were decently priced.