To be clear, I have great respect for military work. I used to work at a defense contractor. But in terms of building a career, it's a heavily regulated industry with little room for growth. SpaceX is doing defense work, but it has not pivoted to being merely a defense contractor. SpaceX's valuation is triple that of Raytheon and Lockheed put together. The market expects it to continue pushing forward on commercial space.
No, the market does not expect Musk to be mining Mars or selling Moon motels...
It expects Musk's connection with JD Vance and SDI insiders will give them the bulk of the $2-$4 trillion GD contract.
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