It's a scam only if you think the stock market in general is a scam. Remember, SpaceX is completely globally dominant in its industries (launch technology and orbital telecom)
1. Have you seen what the Chinese have come up with? https://x.com/pronounced_kyle/status/2075526710003413004
2. None of these things are, where the money is supposed to come from in the future: https://www.youtube.com/watch?v=IHD8BDFYyGI
I don't know the future, nor do I give investing advise. I don't want this stock.
I have no opinion on whether other companies might catch up to them (either tomorrow or 10 years from now), but your quote is a completely accurate statement about the world as it exists today.
If you read the IPO prospectus, none of theses things is were the money is supposed to be earned in the future. The money comes from the 3rd pillar, AI. Again AI is the biggest loss maker they have.
I would not invest in their launch services, nor in their AI. But I would invest in StarLink if they spun it off and if it were decently priced.
So in other words, yes, it's a scam.