I think SpaceX should be valued on rockets n space n stuff, not how many magical calculator dollars they bring in.
Surely Google can "make compute go" for $1b/month. Nice way to avoid holding the bag, maybe?
I mean, we all understand that this is some sort of circular financial play, but at the end of the day Google is paying SpaceX $1 billion for compute. This is no different from AWS or Azure.
The market seems to value both rockets and magical calculators.