Surfing the web with Starlink out on the vast ocean really shows how awesome SpaceX is. Musk's companies are often criticized for being all about 'dream valuations,' but if we shift our perspective and stop using industrial-era PE to calculate company value, and instead look at future TAM (Total Addressable Market) share, his companies might actually be undervalued even at 100 PE. Instead of worrying about the rise of Chinese EVs and robots, SpaceX is actually healthier than Tesla.