I'd like to get a look at SpaceX financials. I'm pretty sure their margins are thinner than you might expect, Starlink is less profitable than you might expect (but quite necessary to fund the launch cadence of Falcon 9) and that Starship blowing up over and over has been funded entirely by the US taxpayer and that they'd be insolvent without that.
For example, NASA has evaluated SpaceX financial status as part of awarding COTS and HLS contracts and determined it reasonable. Also, SpaceX isn’t getting a significant fraction of the costs of Starship development from the HLS contract.