SpaceX reports its first-ever public earnings tonight after the largest IPO in history — but with the stock down nearly 40% from its post-IPO high, investors want to know whether Starlink's subscriber growth and Starship's launch cadence can justify the valuation, or whether the market got ahead of itself. Is Musk's empire as valuable as advertised, or was the IPO the peak of the hype?
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Curious if Starlink is actually carrying the whole company at this point