Look at space startups which will do their launches in 2027.
Space-X for its capability became a state issue, so China will just solve it on their end.
And then you have a payload issue: We don't need that much payload in space. We send up 3000 tons, 2000 is starlink.
Space-x is profitable with this for sure, no question ask, but its valued as a 2t company and with Starlink and payload only its valued 10x higher than its worth.
The profit they make today, they will have to share in 5-15 years.
if it goes the same way as Tesla, there is quite a moat to solve. I don't own shares so i could care little besides my worry on poisening our atmosphere and having real impact on our weather.