Segment Revenue
Residential Starlink $50B
Enterprise / aviation / maritime $30B
Direct-to-device $15B
Government / defense $30B
Launch $15B
Starship-created markets $10B
Total $150B
Here’s my trusted friend ChatGPT gave me. With this estimate, I can’t see how anybody justify the rumored 1.74 trillion IPO. I also see Starlink has a revenue ceiling as not everyone wants to pay for the high latency and low speed network. It has its use, but not in the real competition with fiber and 5G.
I am not convinced that space is a gold mine. Am I missing something here?
SpaceX IPO who is in for the ride?
byu/LuciusQ2020 ininvesting
Posted by LuciusQ2020
4 Comments
Look at this guy pretending any Elon-adjacent stock has any fundamental sense
I agree. But note that unlike any fiber or FWA (5G) provider, Starlink is global so it has a way bigger addressable market, even if you think it’s constrained to rural regions which it’s not.
It’s also increased speeds at an impressive rate so there’s a good chance it can better compete with terrestrial broadband in the near future.
The thing you’re missing is the potential for the data centers in space idea, they’re hyping that up to justify this wild valuation. I agree that $1.7T is nuts and I wouldn’t buy in at that price, but a $1T ish valuation is very reasonable imo
I won’t say space is a gold mine, but you have Planet Labs, Rocket Lab, Vantor, Black Sky, etc. Space isn’t going bust and SpaceX is likely to only drag them all higher.
Why are you only looking at revenues, spacex is burning cash on 20b capex faster than its earning profits