Roth Capital's Kulkarni: SpaceX's Biggest Challenge is Scaling Starlink

In a discussion on SpaceX's valuation, Rohit Kulkarni, a senior analyst at Roth Capital Partners, breaks down the company's business model and key concerns. He identifies four main revenue streams: Starlink satellites, Falcon 9 launches, Starship, and XAI. Kulkarni highlights two critical questions for investors: Starlink's scalability and the capital expenditure required for ambitious projects like Starship and XAI. He also addresses concerns about potential overvaluation and retail investor interest.