Until the merger with xAI, spaceX was actually a decent company with a very solid business, a clear technological edge and clear growth perspective. It shouldn't be a trillion dollar company of course, but it should have been a cash cow capturing all the value from its niche market.

Not anymore, I guess.

But not with the valuation it currently has.

The only reason why Payload into space increased from 1000t to 3000t is Starlink.

And there they have also massive problems for scaling. Base Station is expensive and they have to replace the Satelites every 5 years. Withouth the v3 and rocket big enough to send it up, they can't scale properly.

If they then scale, the rate of atmosphere poisening through STarlink will increase.