Rocket stages that land and are reused is the opposite of vaporware.
Just because it looks cool doesn't mean they provide quality of life. Saturn V rockets were way cooler and way bigger and sane people had to pull the plug because they were a money sinkhole.
As the global population becomes increasingly urbanised the whole demand for sat-internet will drop even more, as they'll all be using fiber or 5g. Then what? Sat-TV is already dead, what's left? How many GPS satellites are really needed?
The whole space race is something that caused a huge hole in US and USSR budgets without any ROI to show for, and will bankrupt Musk for sure. Maybe Bezos and Branson will avoid the same destiny, ironically thanks to their vices and passion for trophy assets such as private islands, yachts and football teams which at least hold their value, matter of fact they appreciate and produce revenues.
Elon legend is not 100% BS like SBF.
But what about all the undelivered promises?