Morgan Stanley: with these two projects, SpaceX may have a valuation of over $100 billion

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 Morgan Stanley: with these two projects, SpaceX may have a valuation of over $100 billion


Morgan Stanleys latest estimate of SpaceX was twice that before July, but Jonas said: things have changed a lot since we published that report three months ago.. During this period, SpaceX has completed a series of landmark events, including successfully taking the first NASA astronauts back from space, winning the hundreds of millions of dollars contract of the Ministry of defense, launching hundreds of star chain satellites into orbit to establish its global Internet service, and conducting two tests on its next generation of StarCraft. The company also completed $2.1 billion in equity financing in August, when it valued at close to $44billion.

Morgan Stanley estimates that SpaceXs rocket launch business will be valued at $11.7 billion, its satellite link Internet business will grow to $80.9 billion, and its point-to-point space travel business will be valued at $8.7 billion. In a bull market, the value of rocket launch business will increase to US $52.5 billion, star chain business will jump to US $132.8 billion, and the value of point-to-point travel business will reach US $17.4 billion.

So far, SpaceX has launched 18 missions in 2020, and in recent years, SpaceX has dominated the global satellite launch market. In addition, SpaceX has steadily broken through the boundaries of reusable rockets, most notably by reducing the cost of rocket boosters. So far, 40 SpaceX boosters have been recovered, and 55 of them have been recovered. SpaceX is widely recognized as a low-cost launch service provider in the global launch market, Jonas said

Morgan Stanley predicts that SpaceX will be able to launch rockets every day by 2040. In 20 years, each launch of SpaceX will generate $67 million in revenue, with an operating margin of 20%. This largely depends on the success of its starship program. Jonas estimates that the full development of the Starship will cost 5.6 billion to 8 billion dollars, and one of its advantages will be the ability to launch 400 satellite chains simultaneously. Morgan Stanley raised its expected valuation of the star chain project to $81 billion from $42 billion before. (small)

Extend the official bulletin! Tesla recalled some imported electric vehicles totaling 48600 or was very unfavorable to Chinese enterprises! The US media said Huawei and others sought to prevent the acquisition of arm station power to help Huawei hoard 2 million 5g base station chips for next year. Source: responsible editor of Netease technology report: qiaojunjing_ NBJ11279