TechFlow News, June 4: According to CNBC, Brett Winton, ARK Invest’s Chief Futurist, stated that SpaceX’s upcoming IPO could become one of the most significant stock offerings in history, with its satellite internet business Starlink alone potentially supporting a valuation nearing $2 trillion.
SpaceX has set its IPO price at $135 per share and plans to list on the Nasdaq on June 12. Its pre-IPO valuation stands at approximately $1.77 trillion, and it intends to sell 555.6 million shares, raising roughly $75 billion.
Winton noted that Starlink is the primary driver behind ARK’s valuation methodology: its current satellite constellation delivers approximately 500 terabits per second (Tbps) of bandwidth and generates roughly $13 billion in annual revenue.
