SpaceX’s next-gen rocket is the key to its sky-high valuation, early investor says: ‘Starship also enables all kinds of frontier markets’
SpaceX is gearing up for a historic IPO, with its next-generation Starship V3 playing a crucial role in its valuation. The Starship V3, which can carry significantly larger payloads, is essential for various future business ventures, including satellite internet and orbital data centers. Analysts suggest that SpaceX's ambitious plans extend beyond traditional rocket launches, positioning it uniquely in the market.
- ▪The fully reusable Starship V3 is 408 feet tall and can carry up to 100 metric tons.
- ▪SpaceX's IPO prospectus suggests a total addressable market of up to $28.5 trillion.
- ▪Starship V3 is expected to support the launch of 42,000 satellites in low Earth orbit.
Opening excerpt (first ~120 words) tap to expand
Elon Musk’s SpaceX is preparing for the biggest IPO in history, and its next-generation Starship vehicle may be the key to its sky-high valuation.Recommended Video At 408 feet tall, the fully reusable Starship V3 looms higher than any previous version. It can carry a payload of up to 100 metric tons, a significant increase from the 35 metric tons that the V2 could carry. It also sports 33 new Raptor 3 engines that provide 18 million pounds of force at liftoff. Yet, what may be more impressive than the vehicle’s specs is what it is meant to accomplish. The V3 will serve as the foundation for the myriad businesses that are helping fuel SpaceX’s eye-popping $1.7 trillion valuation, said Chad Anderson, the founder of VC firm Space Capital and an early SpaceX investor.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
Discussion
0 commentsMore from Fortune
