The Business Insider has some insight and some questions
SpaceX, the rocket company founded by Elon Musk, plans to surround Earth a gigantic network of internet-providing satellites called Starlink.
In May, Musk said if Starlink could get a few percent of the global telecommunications market, SpaceX could net $30 billion to $50 billion in annual revenue.
Financial analysts at Morgan Stanley Research said in a report sent to Business Insider on Tuesday that they now considered SpaceX’s base valuation to be $52 billion.
However, the report notes a wide margin of error: If SpaceX is wildly successful with Starlink, their “bull case” suggests the company could be worth $120 billion — but in a “bear case,” it could be worth $5 billion if it falters.
How much could SpaceX, the fast-moving private-rocket company founded by Elon Musk, actually be worth?
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