SpaceX sells starlink. That's probably the most valuable part of SpaceX by far based on recurring revenue. While they've made spaceflight reasonably cheap and reliable for a particular category of payloads - clearly there wasn't phantom demand just waiting to be launched.
Given the IPO, I suspect they're hitting the wall with regards to new starlink signups, and SpaceX is done growing.
SpaceX has $6.6B adjusted EBITDA, which, at a premium multiplier would probably put it somewhere around 80-150 billion as a company.
Given the IPO, I suspect they're hitting the wall with regards to new starlink signups, and SpaceX is done growing.
SpaceX has $6.6B adjusted EBITDA, which, at a premium multiplier would probably put it somewhere around 80-150 billion as a company.