D.O.G.E. CAN ACT VERY QUICKLY. The process will be simple. Lots of man hours with specific experiences and mindsets are needed. Elon, while you are staffing up, don't overlook retired restructurers willing to volunteer their time.
Your models do not apply to an aspirational company.
Since most growth of Space X will come from things they are not yet doing, SPCX should be considered a startup. A well-funded one. Same for TSLA. Start ups with the best technical leader and best technical workforces on the planet.
They built a data center in 122 days versus years. How does a model value that?
SPCX will have the absolute cost advantage on compute capacity, power generation and critical materials.
No one can compete at scale with SPCX LEO lift capacity and cost. Once established on the moon SPCX will cash in on being at the top of the gravity well.
Every building block of the SPCX future has been designed and proven at scale. Oh, yes - Terafab.
SPCX does every product and process with minimum time, elements and cost. Lowest number of points of failure in all that they do. No valuation model comprehends all of this.
“Valuation Models” have no Vision and cannot correctly value an aspirational stock. If you consider that the entire future growth of Space X is doing things it does not yet do, then we can consider SPCX a well-funded startup with a perfect leadership and workforce. Same is true for TSLA, where most future growth is coming from things it doesn’t yet do.