Just so you know: the valuation of SpaceX has nothing to do with the space side of the company. If you look at their projected revenue, the rockets etc... are a footnote. but SpaceX acquired XAI, and literally all of this projected growth is SpaceX becoming the leading AI company in the next decade.
(and i wish i was joking, but i see everybody here wondering how a space company could possible grow that much, or be expected to. And the answer obviously is it can't, and noone expects it to. But an AI company in this AI bubble, that people believe....)