With rational investors I doubt it. Space launch market size is like 20 billion. One launch is 70 million and they had 133 of them in 2024. Times two (currently at half market share) this would be 18 billion.

That does not take into account that they are increasing the market size themselves with Starlink.

And with Starlink it remains to be seen if that can be profitable. I doubt it. The Starlink satellites deorbit every 5 years and need to be replaced (CapEx+++).

This is compared to the trillion+ EV market.