SpaceX the company has done and is doing amazing feats of technology.
SpaceX the stock is only in a very small part about rockets and space. In their filing they talk about their total addressable market being $28.5 trillion, of which $26.5 trillion are AI.
That means that they believe the SpaceX stock is 93% about AI.
It's open to argument whether xAI or BTC is crazier - I just wanted to say that when talking about SpaceX stock, it's not really about rockets.
SpaceX since the IPO is an AI company with two side projects: social networks and space.
I say this based on their filing which says that the vast majority of predicted profits will come from their AI company, citing a $36.5T total addressable market.
They don't mean that the stars migrate out (then further stars would be older), they mean that stars further away from the center start forming later (so further stars are younger).