Owning a company with the potential to ‘disrupt’ the global telecommunications industry, Elon Musk revealed that it will ‘go public’

Tram Ho

Tesla CEO Elon Musk plans to list SpaceX’s Starlink space internet branch stock exchange in the future when the company’s revenue growth is stable and predictable.

“We may be able to IPO Starlink but a few more years into the future when revenue growth is stable and predictable.”

Last year, Musk said that Starlink was an important new source of revenue for the SpaceX company.

SpaceX President Gwynne Shotwell in February expressed the idea of ​​splitting Starlink into a separate company and going public in the next few years.

Sở hữu 1 công ty có tiềm năng sẽ đánh sập ngành viễn thông toàn cầu, Elon Musk hé lộ sẽ cho lên sàn - Ảnh 1.

Starlink is SpaceX’s ambitious plan to bring the ability to deliver high-speed Internet to anywhere in the world through a system of tens of thousands of satellites operating in low orbit. Once Starlink is successful, many predict it will be able to “knock down” the global telecommunications industry.

Currently, SpaceX is starting to conduct pre-beta testing of Starlink service this summer. CEO Elon Musk affirmed that Starlink will start providing satellite Internet services in the North of the United States and southern Canada by the end of this year and will rapidly expand around the world by 2021.

Most recently, SpaceX said the early trials of the Starlink satellite system are delivering promising results. Internal tests during Starlink’s beta test show that the satellite Internet system “has super low latency and download speeds of more than 100 Mbps,” said Kate Tice, senior engineer at SpaceX.

SpaceX currently ranks third on the list of the world’s largest unicorns (including startups valued at over $ 1 billion) with a valuation of around $ 46 billion after the latest round of funding. Only two startups are valued more than SpaceX, China’s ride-hailing app Didi Chuxing and parent company TikTok.

Of course, the value of private companies like SpaceX is still controversial because such startups don’t have to disclose their financial position yet. SpaceX of course has never made it public their financial position. However, despite Wall Street recently expressed skepticism about the value of unicorns, fearing it was just a bubble and then exploding as soon as it went on the stock exchange. Few Wall Street analysts and investors still insist that SpaceX is undervalued.

Morgan Stanley expert is an example. They wrote in their report last month that SpaceX could have a maximum value of $ 200 billion if the Starlink satellite internet project works. Morgan Stanley says their lowest valuation estimate for SpaceX is $ 50 billion.

And other SpaceX projects include launching rockets, delivering goods to Nasa, building rockets to launch to Mars, supplying satellites for the US military – all of which makes investors more rational. due to being optimistic about the opportunity to own a part of SpaceX.

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Source : Genk