tech
Ark Invest owns SpaceX in its venture ETF. It says Starlink alone supports $2 trillion value at IPO
Brett Winton said SpaceX's Starlink satellite broadband network is the primary driver of ARK's valuation thesis.
TL;DR
- SpaceX's IPO is anticipated to be one of the largest in history.
- ARK Invest's Brett Winton believes SpaceX's Starlink business alone supports a valuation close to $2 trillion.
- The IPO price is set at $135 per share, valuing SpaceX at approximately $1.77 trillion.
- SpaceX plans to raise $75 billion through the sale of 555.6 million shares.
- Winton connects SpaceX's growth prospects to the expansion of artificial intelligence.
- ARK Invest's Venture Fund holds private shares of SpaceX as its largest holding.
- Starlink currently operates a constellation with 500 terabits per second of bandwidth and generates about $13 billion annually.
- The Starship rocket is expected to reduce launch costs and accelerate Starlink's growth.