Both Tesla and SpaceX have wild valuations that mostly depend on future promises: SpaceX's Starlink will be a species-wide communications provider - all the way

Both Tesla and SpaceX have wild valuations that mostly depend on future promises: SpaceX's Starlink will be a species-wide communications provider - all the way to Mars. Teslas will drive themselves and replace all other forms of ground transportation. If you stop believing, Tinkerbell, which is to say the meme, dies. Reality is that even though 5G FWA is only recently rolled out it has several times as many subscribers as Starlink. FWA costs about half in the US and very likely even cheaper in the developing world where mobile service is cheaper than in the US. The TAM for satellite internet will be limited to cases where 5G FWA can't reach.