ARK Invest: Starlink Business Alone Could Support SpaceX's Nearly $2 Trillion IPO Valuation

BlockBeats News, June 4th. According to CNBC, Brett Winton, Chief Futurist at ARK Invest, stated that SpaceX's upcoming IPO could be one of the most significant stock offerings in history, with its satellite internet business Starlink alone capable of supporting a valuation of nearly $2 trillion.

SpaceX has set the IPO price at $135 per share, with plans to debut on NASDAQ on June 12th, with a pre-listing valuation of about $1.77 trillion. The company intends to sell 5.556 billion shares, raising approximately $750 billion. Underwriters also have the option to purchase an additional 83.33 million shares at the IPO price, totaling around $11.2 billion. After the IPO, Musk will hold over 82% of the voting control.

Winton stated that SpaceX's growth prospects are not limited to launch services but are closely tied to the rapid expansion of AI. ARK estimates that by 2030, the total enterprise value of companies developing and operating foundational AI models could reach $15 trillion to $20 trillion.

Winton mentioned that investors usually focus on SpaceX's reusable rockets, but Starlink is the key driver of ARK's valuation logic. He noted that Starlink's current satellite constellation can provide about 500 Tbps of bandwidth, with an annual revenue of around $13 billion. As SpaceX introduces the Starship rocket, the company can significantly reduce launch costs and rapidly deploy more satellites.