How do we explain the $500 billion discrepancy? The segment summation approach combines projected median figures, whereas the IPO valuation incorporates interconnected growth potential, resembling my upper-quartile projections. When investors show confidence in Starlink, they typically express equal optimism toward Starship, xAI, and defense contracts. Using 75th percentile estimates across all divisions instead of median values elevates the total to approximately $1,675B, nearing the desired figure. The $1.75T valuation represents a "perfect execution" scenario.
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