Even Duan Yongping has changed his tune and is optimistic about SpaceX now. Previously, he openly said he didn’t like Elon Musk. His standard: For SPCX to have a $3 trillion valuation without being a bubble, SpaceX would need to net $150 billion annually. Here’s the question: What does $150 billion in net profit even mean? The most profitable company in the world, Apple, only made $112 billion last year. In other words, SpaceX would need to earn more than Apple for that $3 trillion valuation to hold up. Do you believe Musk can pull off this miracle, or do you think it’s just a bubble? That said, considering what Duan mentioned about the next 5-10 years, there’s plenty of time to buy the dip on SPCX.