What am I missing about spacex valuations

=== SUMMARY === - Author questions SpaceX's $200+ share price targets from major banks, arguing key revenue streams are overvalued. - Claims AI revenue is tied to Twitter/xAI at a generous $60B valuation, Starlink can't replace fiber as primary internet, and launch business is negative margin. - Post is a genuine skepticism-based query rather than deep due diligence; more speculative commentary than data-driven research. === SENTIMENT === BEARISH === TRADE IDEAS === No actionable trade ideas in this post. SpaceX is privately held and the author does not propose any publicly tradeable alternative or direct hedge.