Starship's recent successes, including heat shield and repair mission tests, reinforce my view that SpaceX's orbital moat is intact.

Starship's recent successes, including heat shield and repair mission tests, reinforce my view that SpaceX's orbital moat is intact. Despite noise around IPO and xAI hype, I'm confident that SpaceX's focus on orbital infrastructure will continue to pay off. Schiff's warning on hyped stocks echoes my skepticism on xAI, but doesn't change my stance on SpaceX.