PANews reported on June 4th, citing CNBC, that Brett Winton, chief futurist at ARK Invest, stated that SpaceX's satellite internet business, Starlink, alone could support a valuation of approximately $2 trillion. SpaceX plans to list on Nasdaq at $135 per share, corresponding to a valuation of approximately $1.77 trillion, and plans to sell 555.6 million new shares, raising approximately $75 billion. Underwriters can also issue an additional 83.33 million shares, raising another $11.2 billion. Winton stated that Starlink's existing constellation provides approximately 500 Tbps of bandwidth, generating approximately $13 billion in revenue annually. As the Starship rocket reduces launch costs and accelerates satellite deployment, Starlink's revenue is expected to rise to hundreds of billions of dollars. ARK Venture Fund currently holds its largest single holding in SpaceX's private equity, accounting for approximately 11.4%.
ARK Invest's chief futurist: SpaceX's satellite internet business, Starlink, alone could support a valuation of approximately $2 trillion.
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