You don't know why people value the company and excluding the two very profitable parts of the business in your list is obviously misleading to the point that anyone reading that should be offended that you think they are that stupid.
reply> You don't know why people value the company…
replyWe do, at least at the time of the merger, as it existed as separate parts prior. https://en.wikipedia.org/wiki/SpaceXAI#Finance
https://en.wikipedia.org/wiki/Initial_public_offering_of_Spa...
Their own numbers in the S1 they released before the IPO listed their potential market growth, and it was almost entirely in the AI division. These aren't my numbers, these are Musk's numbers.
reply