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

Odaily 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 the $2 trillion level. ARK’s Head of Portfolio and Research, Brett Winton, said on CNBC that the SpaceX 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 comes not only from its rocket launch business but also from its rapidly expanding satellite internet network, Starlink. This network currently has a bandwidth capacity of approximately 500 Tbps and generates annual revenue of around $13 billion. It is expected to significantly reduce launch costs with the Starship rocket, accelerating satellite deployment and network expansion. He believes that with the rapid proliferation of AI applications, the 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 between $15 trillion and $20 trillion in enterprise value by 2030.

Currently, ARK holds approximately 11.4% of SpaceX’s private shares through its venture capital strategy, considering it a core long-term holding. The fund has risen about 15% year-to-date, with gains exceeding 70% over the past 12 months. (CNBC)