SpaceX is a leader in the private space technology market: it develops rockets, spacecraft, satellites, and communications systems. It has its own spaceport in the US state of Texas.
• The main contractor for NASA and commercial companies for cargo delivery into orbit. NASA’s only contractor for delivering astronauts to the ISS.
• SpaceX delivered 80% of the world’s payload into orbit in 2023. The company launched rockets every four days.
• 330+ rocket launches since the company was founded.
• 2.6 million Internet users from Starlink in 60+ countries, 5000+ Starlink
satellites launched,
• +445% – the official valuation of the company has increased so much since 2019
The company was founded by Elon Musk in 2002. SpaceX’s arsenal includes Falcon 9 and Falcon Heavy launch vehicles and Dragon spacecraft: cargo and passenger versions. In March 2024, the world’s largest launch complex, Starship, successfully entered orbit. Starship will make it possible to deliver up to 150 tons of cargo at a time into orbit and, in the future, to the Moon and Mars. For the first time in the history of astronautics, SpaceX relaunched a launch vehicle stage to deliver a payload into orbit. Reusable technologies reduce the cost of launches. SpaceX became the first company to transport astronauts to the ISS. SpaceX has also built the world’s largest constellation of communications satellites in low Earth orbit
Seven Rivers Capital invested in the shares of SpaceX in two investment rounds. Now investment was made thru the shares of SPV (Delaware), managed by Raison AM. Share Price is $107,7, Company Valuation — $200bln.
Finansial indicators of SpaceX:
• Total Investments Attracted: Over $10B
• Valuation at Last Round: $180B
• Share Price at Last Round: $97
• Date of Last Round: December2023
• Principal Investors: Alphabet (Google), Fidelity, Draper Fisher, Jurvetson, Valor Equity Partners, CapriconInvestment Group, Baillie, Gifford, Craft Ventures, Founders Fund, NASA
Investors in SpaceX will receive Starlink shares and, at the same time, remain holders of SpaceX shares. Starlink’s estimated projected revenue of $30 billion could be more than $300 billion.
Starlink is a global satellite communication system.
– 5,000+ satellites have already been launched by SpaceX into low Earth orbit. It is planned to deploy about 12,000 satellites, possibly increasing to 42,000.
– 2.6 million Starlink Internet users as of October 2023. The number of users is proliferating: in June 2022, there were 500 thousand.
– 60+ countries: Starlink Internet works on all six continents. Since the beginning of 2023, Italy, Iceland, Brazil, Colombia, Peru, Cyprus, Haiti, etc. have joined the list of countries.
SpaceX does not officially disclose its financial statements. According to a report by Morgan Stanley, the company’s projected revenue should be more than $13 billion in 2024, compared with $9 billion in 2023. At the same time, the company turned a profit in the first quarter of 2023. The projected annual revenue growth of 43% from 2023 to 2026 is the highest for companies with a capitalization of more than 100 billion. For comparison, NVIDIA’s revenue growth forecast is 34%.
According to the Morgan Stanley methodology, the fair price range is $280-$400 billion
