Lol I meant "incumbent", that was a STT typo. But yes I get the point. My own point is that even a good-faith honest IPO for a spaceflight company probably won't look anything like Aramark. It's always going to be a bet on technology, not a share in the predictable profit stream of a boring company that serves pizza in school cafeterias.

I would <<definitely>> agree with you if about 90% of their valuation wouldn't be based on them selling themselves as primordially as an AI company. "$28tn total addressable market", "data centers in space", etc.