Basically SpaceX & Tesla's price is 10x underlying value on assumption Musk alone can do achieve monopoly pricing & growth for decades into the future, while Musk's erratic behavior assures that any company he runs is doomed to be crushed by concerned democracies making that assumption impossible.

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And, again this should be obvious to Wall Street: if/when there is another Democratic US president they're going to be weary about a continued defense arrangement with drug-addled right-wing-extremist trillionaire funneling the government's money back into undermining democracy around the world.

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Crazy this is not obvious to Wall Street: every democracy saw what Musk did to Ukraine last week and confirmed security need for Starlink alternative. Those alternatives will not just serve defense needs, but also be viable commercial alternatives, crushing any hope of SpaceX's monopoly projections.

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18Oct26 Good Morning! ===========

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Two decades ago the Chicks got in trouble for saying at a concert that they were ashamed George W. Bush was from Texas, and now they've got a contender for Texas's Senate seat saying at a concert how proud he is they're from Texas.

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