Space X IPO question

The massive overvaluation of Space X is probably causing a lot of concern in the market.

As all these AI companies open up their books to cash out for IPO, it shows revenues are small compared to spending. They are trying to pivot to making money.

I think it'll pump-n-dump over the first day or two then start a long, steady climb after that. The key to how long that climb sustains is the continued not-blowing-up of the rockets, one unexpected explosion and the stock tanks like Boeing's when the door blew off.