SpaceX has set an initial public offering (IPO) price of $135 per share, valuing the company at approximately $1.77 trillion ahead of its Nasdaq debut on June 12. Brett Winton, chief futurist at ARK Invest, emphasizes that the satellite internet segment, Starlink, could justify a valuation nearing $2 trillion due to its substantial revenue generation and growth potential.
SpaceX plans to sell 555.6 million shares, aiming to raise $75 billion, with underwriters having an option for an additional 83.33 million shares. Elon Musk will maintain over 82% voting control post-offering.
Winton highlights that the AI sector's expansion could significantly enhance SpaceX's value, with ARK estimating that AI companies could collectively reach $15 trillion to $20 trillion in enterprise value by 2030. The Starlink network currently generates about $13 billion annually and has the capacity to deliver 500 terabits per second of bandwidth.
The anticipated Starship rocket could further accelerate growth by reducing launch costs and increasing satellite deployment capabilities, potentially leading to hundreds of billions in revenue from Starlink