SpaceX Anticipates IPO and $1.77 Trillion Valuation
SpaceX is set to go public on June 12, targeting a valuation of $1.77 trillion and aiming to raise over $75 billion. This valuation is significantly higher than that of Tesla, despite Tesla being a profitable company with higher revenues. However, experts are divided on this lofty valuation; Morningstar estimates SpaceX’s actual value to be around $780 billion, citing the IPO as “significantly overvalued.”
The space company claims its total addressable market is $28.5 trillion, with a staggering $26.5 trillion associated with artificial intelligence, although this segment remains money-losing. In contrast, SpaceX’s “connectivity,” primarily through its Starlink satellite network, presents a $1.6 trillion opportunity, with Starlink already profitable and boasting a customer base that grew by 4 million last year. The valuation of $1.77 trillion would still exceed even the potential of the Starlink segment alone.
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