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The announcement would be a lot more plausible if dearMoon hadn't been announced in 2018 (itself as an upgrade to a 2017 announcement) for a planned launch in 2023, cancelled in 2024, and the vehicle still not being ready in 2026.

https://en.wikipedia.org/wiki/DearMoon_project

Pumping valuation before the ipo i suppose and not really news.