ARK Invest: Starlink is a key business supporting SpaceX's valuation of nearly $2 trillion

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 mark. Brett Winton, head of ARK's investment portfolio and research, said on CNBC that SpaceX's IPO is priced at approximately $135 per share, corresponding to a valuation of about $1.77 trillion, and is planned to be listed on 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. The network currently has a bandwidth capacity of approximately 500 Tbps and generates annual revenue of about $13 billion. It is expected to leverage the Starship rocket to significantly reduce launch costs and accelerate satellite deployment and network expansion. 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 base 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% year-to-date and more than 70% over the past 12 months. (CNBC)