A forecast of the fair market value of SpaceX's businesses

https://futuresearch.ai/spacex-ipo-valuation/

A $1.75 Trillion IPO Would Be Overpaying 30% for SpaceX

A sum-of-the-parts forecast of SpaceX's fair market value across seven business segments. The $1.75 trillion IPO target is approximately 29% above the median fair value of $1.25 trillion.

FutureSearch

Not bad for about $12-$16B in total actual revenue.

net income probably: $1.5B – $3B

P/E:500-1000

Of course people will trip overthemselves to buy it up.

I just don't think space is as useful or profitable as people think. Time will tell.
As long as we don't find a new it energy to get stuff up, I don't think so.