We have seen how Elon Musk has been talking about his space company named SpaceX. SpaceX has also sent many rockets in the space and they have test-landed their rockets on ships and in the ocean too. Also, Elon Musk said that SpaceX will be opening a Starlink global internet service which is basically a broadband service which will be available globally. For this, Elon Musk is planning to surround Earth in a gigantic network of internet-providing satellites called Starlink. While we know that this project is very ambitious, we should also note that if someone can pull this off then it is Elon Musk.
This is because of the success that his electric car company, Tesla, has had even after many obstacles and failures at the beginning. Elon Musk said earlier that if a few percentages of the global telecommunications market is received by Starlink then it can have $30 billion to $50 billion in revenue.
However, analysts at the Morgan Stanley Research said that they are estimating the Starlink service from SpaceX to be higher and base case or moderate valuation of SpaceX would be $52 billion. However, Morgan Stanley also says that a “bull case” scenario is also possible for SpaceX’s Starlink which can be seen as a best-case scenario where everything goes right and Starlink gets major percentage of global telecommunication service. In that case, Elon’s company could be worth $120 billion and it could also go down to $5 billion if it falters in “bear case”.
Starlink may consist of nearly 12,000 satellites by the end of 2027 according to current government documents. Out of these 12,000 satellites, we know that 60 of them which were experimental have been successfully launched as well. As per the President and COO of SpaceX, Gwynne Shotwell, SpaceX’s Starlink project could cost $10 billion or more which means that there is a lot at stake if it fails while the potential for revenue is even higher.
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