SpaceX Failed Launch

Both AI and rocket business requires tens of billions of dollars investment every year likely for next 10 to 20 years, same for data centers in space. Current $20 billion revenue can't even cover operational expenses hence $5 billion loss. Chinese and Japanese companies already figured out how to launch and land rockets in same manner as SpaceX and especially Chinese has much lower capital and labour cost. Furthermore reusuable rockets did not cause a boom in private space business as Musk predicted, most revenue still comes from government and internal starlink related launches, which is also facing capacity and pricing related issues. Overall not only SpaceX not worth $1.5 trillion dollars today, its also not likely to worth that amount even in 20 years. Hard to understand price targets of $300 to $400 from reputable investment banks, if this unrestricted market manipulation continues then I am afraid these financial instititions are destroying trust in the market for short term profitability. If you think I am wrong happy to hear your point of view.