One must love the projections of >50% YOY growth for 5 straight years.

Why not continue for the next 5 ? Maybe they will find customers on Mars.

This while situation is very strange - there are some big companies pouring tens of billions into it (Alphabet, Meta) - since they don't have anything better to do with the money printers they have, but there are several others whose valuations are based on completely unrealistic projections where their expected revenues in 5-10 years represent 99% of their current 'value'.