SpaceX is profitable.
> But considering the state of things in less developed countries, I assume space born Wifi is not the top priority. But hey, if investors are buying into I won't complain.
Reliable and fast access to information improves quality of life, even in places with other problems. Much of the USA is like a developing nation itself, with population-scale problems of getting access to clean water and having basic food security. But still, reliable network access can also improve both of those things too - the internet is backbone infrastructure just like the water pipes, and is needed for a developing country - or a developed one - to grow economically.
> I assume space born Wifi is not the top priority.
Countries, organizations, investors, businesses can all work on more than one thing at once. Something need not be 'top priority' for it to be worthy of investment and continuing to do at break-neck pace.
> my cash and profitability remark concerned their operative launch business excl. NASA dev contracts and the like
Do you mean that you are excluding a primary revenue source from their finances in your calculations? I just don't get it.