Subject: Re: SpaceX
Starlink.
It’s already profitable. It works. It’s a “today” solution for anyone who wants instant access to the internet... but I’d put Starlink as the jewel in this otherwise overstuffed turkey -

I might go even a bit further. The rocketry business by itself is not particularly profitable at the moment, but if there IS an orbital lift business in future, they own it. Their lead in cost to orbit, current and future, currently seems untouchable.

I don't really see how that could possibly justify the stock's valuation levels, but in future it could easily be their largest profit centre. A moat filled with vacuum is even better than a moat filled with shark infested water.

Jim