SpaceX's market valuation is nearing $2 trillion, up from an initial $1.8 trillion, fueled by intense demand and speculative enthusiasm. Financial projections for 2025 estimate revenue at $18.7 billion with an adjusted EBITDA of $15 billion. Analysts highlight a gap between these fundamentals and the massive valuation, pointing to future growth drivers in 'intangible optionalities' such as the lunar economy and orbital AI computing.
