An extreme majority of Space X's self-determined value proposition has nothing to do with space. Out of an overall TAM of $28.5 trillion, $26.5 trillion is based on AI. Personally I believe that number will actually approach zero, but it certainly even in my most optimistic view is a number with a B, not a T

The total addressable market even at Space X's own calculation for space launches is only $370 billion. And, supposedly as the only company that can launch things into space they are still losing money on that business. This is bankrupt-a-casino levels of incompetence