SpaceX IPO who is in for the ride?
Segment Revenue
Residential Starlink $50B
Enterprise / aviation / maritime $30B
Direct-to-device $15B
Government / defense $30B
Launch $15B
Starship-created markets $10B
Total $150B
Here’s my trusted friend ChatGPT gave me. With this estimate, I can’t see how anybody justify the rumored 1.74 trillion IPO. I also see Starlink has a revenue ceiling as not everyone wants to pay for the high latency and low speed network. It has its use, but not in the real competition with fiber and 5G.
I am not convinced that space is a gold mine. Am I missing something here?
u/LuciusQ2020 — 12 hours ago