SpaceX the company has done and is doing amazing feats of technology.

SpaceX the stock is only in a very small part about rockets and space. In their filing they talk about their total addressable market being $28.5 trillion, of which $26.5 trillion are AI.

That means that they believe the SpaceX stock is 93% about AI.

It's open to argument whether xAI or BTC is crazier - I just wanted to say that when talking about SpaceX stock, it's not really about rockets.