In recent years, companies entering IPOs have been breaking records in terms of profitability and capitalization. If 2019 was rocked by the world's largest initial public offering, conducted by Saudi Aramco, an oil company from Saudi Arabia, then 2020, despite unusual difficulties, was a record year for many companies.
The focus of large investment houses is on the space services market. According to analysts, the launch of Starlink-the second most important project of Elon Musk-will be the event of the century not only for stock market players, but also for the whole world. The financial topic is also relevant now.You can work and get additional revenue by delving into the analysis of financial actions with deltamarket forex, which has proven itself with good reviews.
This landmark event will provide an answer to almost all questions of commercial space exploration.
At the moment, the choice of shares in the space industry is small. The IPO of the Starlink division or the entire company Space Exploration Technologies Corporation (SpaceX), according to Elon Musk himself, can only happen after receiving stable financial results.
SpaceX is strengthening its position in the emerging space industry. With the infrastructure to launch and manufacture ships, the company has already put 788 Starlink satellites into orbit. With the help of spaceships built by SpaceX, astronauts and cargo are sent to the ISS, with plans to provide Internet access around the world.
Morgan Stanley in October 2020 doubled the estimate of SpaceX: $ 100 billion against $52 billion in August. The high rating was also influenced by the fact that Musk's company receives government contracts from the largest customers — NASA and the US Department of Defense.
SpaceX develops three main business lines:
1) Starlink is engaged in launching satellites to create its own global Internet network — it is the trigger for further increasing the rating. The cost estimate was increased from $ 42 billion to $ 82 billion by revaluing the potential subscriber base — from 235 million to 364 million worldwide by 2040. To achieve this goal, it will take $ 240 billion to build a network of satellites.
2) Launch satellites for other companies — in 2020 alone, 12 successful missions were conducted. SpaceX is a leader in launching commercial satellites. This direction is estimated at $ 11.7 billion.
3) Space tourism. The market potential is estimated at $ 8.7 billion. SpaceX is planning the first flight of a private Starship spacecraft around the Moon in 2023. The goal is to get people to the Moon and Mars by 2026. If the company manages to carry out intercontinental flights on a Starship, replacing conventional flights, then the projected revenue of the tourist destination will be $10-20 billion.
The segment of flights to Mars is not taken into account: at this stage, flights to deep space can not be translated into exact figures.
At best, the company's value could be around $ 200 billion by 2025. At the moment, it is estimated at $ 100 billion. There may be large discrepancies in SpaceX's estimates due to the lack of comparable public competitor companies.
Elon Musk owns a 48% stake in SpaceX. If the company enters the market in 2025 with an estimated $ 200 billion, the wealth of the world's richest person could increase by another $ 48 billion. And this is without taking into account the further potential of the stock, as happened with Tesla, in which Musk's share is 21%.
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