Musk's massive SpaceX scheme: The 28.5 trillion market, the Ponzi pyramid, and the space data centers scam

Elon Musk’s SpaceX plan is dissected as a high-stakes bet on an enormous total addressable market, but the piece questions whether that TAM justifies a trillion-dollar valuation. On June 12, SpaceX reportedly reached about a $1.7 trillion valuation, with Musk’s sizable stake contributing to perceptions of unprecedented personal wealth. The article argues that projecting revenues from a $23.5 trillion TAM—mostly from enterprise applications—lacks concrete competitive grounding and relies on optimistic assumptions. It contrasts such TAM zeal with historical lessons, noting how Amazon’s early, narrow aim expanded vastly beyond its initial market, illustrating that TAM alone does not guarantee durable advantage or profits in the face of competition and execution risks.