SpaceX · Elon Musk · Starlink · Fortune Technology
SpaceX’s next-gen rocket is the key to its sky-high valuation, early investor says
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Elon Musk’s SpaceX is preparing for the biggest IPO in history, and its next-generation Starship vehicle may be the key to its sky-high valuation.
Key facts
- It also sports 33 new Raptor 3 engines that provide 18 million pounds of force at liftoff
- The company’s IPO prospectus sees its “ total addressable market ” reaching as high as $28.5 trillion, a few trillion short of the U.S. annual GDP
- At 408 feet tall, the fully reusable Starship V3 looms higher than any previous version
- Elon Musk’s SpaceX is preparing for the biggest IPO in history, and its next-generation Starship vehicle may be the key to its sky-high valuation
Summary
At 408 feet tall, the fully reusable Starship V3 looms higher than any previous version. Yet, what may be more impressive than the vehicle’s specs is what it is meant to accomplish. Everything from Starlink’s satellite internet business and its cell phone ambitions to its plans for orbital data centers are based on the V3, said Anderson. “This next-generation vehicle is what enables all of these future businesses,” he told CNBC.