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The Valuation Myth Continues: SpaceX Heads Toward a $1.6 Trillion Valuation as Starlink Revenue Hits New Highs
SpaceX’s dominance in rocket launches and satellite broadband internet services was further solidified last December, with reports indicating that an internal stock transaction valued the company at $800 billion. There is even speculation that Musk’s aerospace company may go public this year, targeting a valuation nearly double that figure. SpaceX holds a massive first-mover advantage with “Starlink,” a project that provides broadband internet via more than 9,000 small satellites deployed in low Earth orbit. The service is faster and more cost-effective than that provided by satellites in distant geostationary orbit. Musk has amassed a large customer base and significant funding from rural homes, ships, airplanes, RVs, and any other mobile objects. According to one report, Starlink’s revenue is expected to reach as high as $24 billion this year.
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