How High?
To get to that number, however, will cost about $240 billion to build out the network, Morgan Stanley says. That is one reason why there are plenty of people who are skeptical that Starlink will work as advertised, notably investment bank Cowan, who questioned Starlink’s value to “bandwidth driven” homes in the U.S. in a research note in late September.
Major financial institutions, potentially with one eye on positioning themselves as a potential partner in any forthcoming IPO, may have an incentive to overvalue companies. A statement on Morgan Stanley’s SpaceX report reads, “Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research.”
With Starlink set to connect parts of the world still without broadband internet coverage, Anderson cites reported expected future revenue from Starlink around $30 billion to $50 billion per year , meaning that even a conservative valuation multiple would put this arm of the business at $90 billion alone. “And that's not even counting the Mars and deep space stuff,” which both Anderson’s Space Capital and Morgan Stanley don’t value.
If his car company that can't produce a decent suspension system is worth $400bn, his rocket company will be worth $1tn. $100bn is overly conservative Musk is more of a marketing genius than an engineering genius. He definetely knows how to sell his crap well
Hi, Elon ✌🏻
Turns out being in the weapons business is good for the bottom line
😍🤩
Bull from Morgan Stanley. Never.
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