The more control Musk has over SpaceX, the sooner they will blow up a rocket on the pad; enough of those -- say, three in a row -- and the whole misconceived effort will be abandoned. Speed that day.
SpaceX won’t really be a public company in the traditional sense. Class A shareholders will have no real ownership of the company. If he wants to hard pivot to selling hamster balls no one can do anything about it.
The fact that the Nasdaq is expediting SpaceX and open AI inclusion just adds gasoline to the fire that is the bubble.