ARK Invest: Starlink is the Key Business Supporting SpaceX's Nearly $2 Trillion Valuation

Odaily Planet Daily News ARK Invest stated that SpaceX's upcoming IPO could become a historic capital market event, with the company's overall valuation potentially approaching $2 trillion. Brett Winton, Head of Portfolio and Research at ARK, said on CNBC that SpaceX's IPO is priced at approximately $135 per share, corresponding to a valuation of about $1.77 trillion, and plans to list on the Nasdaq on June 12.

Winton pointed out that SpaceX's core value stems not only from its rocket launch business, but more importantly from its rapidly expanding satellite internet network, Starlink. The network currently has a bandwidth capacity of approximately 500 Tbps, generating annual revenue of about $13 billion. It is expected to significantly reduce launch costs and accelerate satellite deployment and network expansion with the help of the Starship rocket. He believes that as AI applications rapidly proliferate, demand for global communication and computing infrastructure will further increase, positioning SpaceX as a key infrastructure provider in this trend. ARK also estimates that the AI foundational model industry could create $15 trillion to $20 trillion in enterprise value by 2030.

Currently, ARK holds approximately 11.4% of SpaceX's private shares through its venture capital strategy and considers it one of its core long-term holdings. The fund has risen about 15% this year, with a gain of over 70% in the past 12 months. (CNBC)