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 may become a historic capital market event, with the company's overall valuation potentially approaching the $2 trillion level. Brett Winton, head of ARK's portfolio and research, said on CNBC that the IPO pricing for SpaceX is 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. The network currently has a bandwidth capacity of approximately 500 Tbps, with an annual revenue of around $13 billion. It is expected to significantly reduce launch costs with the help of the Starship rocket, accelerating satellite deployment and network expansion. He believes that as the application of artificial intelligence rapidly expands, the demand for global communication and computing infrastructure will further increase, and SpaceX is expected to become 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% since the beginning of this year, with a gain of over 70% in the past 12 months. (CNBC)