The jury is still out on whether SpaceX is primarily a rocket company, as its name suggests, or actually more of a telecom provider or artificial intelligence play. Its expected valuation doesn’t help resolve the confusion.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-11/spacex-valuation-is-cheap-for-space-peers-but-pricey-as-ai-stock)