Ive long held the view that there’s zero reason for them to be valued any higher than a REIT. Of course Reits typically generate a dividend and I don’t see we work doing that.... ever? Ps, I’ve also held the view since at least 2010 that Netflix shouldn’t be any higher valued than Lionsgate or hbo if it were its own entity. So you see where holding these views have gotten me. Ps, Spacex is a tech company.