Sum-of-the-parts builder

Set each segment's multiple — see how far a defensible SOTP sits below the market mark

Implied valuation (SOTP) —

Market mark —

Gap to market —

Drag each segment's EV/forward-sales multiple. The bar stacks segment values; the dashed line is the $1.77T market mark. Defaults are the base case.

Sources: SpaceX S-1 & launch-week reporting; Yahoo Finance live tape. Multiples/scores are analyst assumptions — see SOURCES.md & the methods appendix.