IN THIS EPISODE, YOU’LL LEARN:

• Why its claimed market opportunity may be overstated
• How Elon Musk’s early rocket failures almost sank SpaceX
• How Space, Connectivity, and AI segments actually work
• Why reusable rockets are reshaping launch economics
• Whether the AI segment is worrisome
• What’s really driving Connectivity’s improving margins
• How to think about SpaceX’s R&D and capital spending
• Why SpaceX’s debt picture is more nuanced than it looks
• How Musk’s pay package ties to Mars and market cap benchmarks
• What risks could derail the SpaceX growth story
• Whether SpaceX’s valuation can be justified by the numbers
• And so much more!

For the full show notes, go to this page.

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