Elon Musk's SpaceX Gets Bullish $100 Billion Valuation From Morgan Stanley, Double What Investors Said It Was Worth In August

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Morgan Stanley, the New York-based investment bank, has nearly doubled its valuation of Elon Musk’s rocket company SpaceX, from $52 billion in July to over $100 billion by DavidGDawkins

The single largest driver of the massive valuation upgrade is Starlink, SpaceX’s “constellation” of small satellites set to beam broadband internet around the world from space.

Investors just valued SpaceX in August, when the company raised $1.9 billion in funding—at a valuation of $46 billion.values Musk’s stake in SpaceX based on this number, minus a 10% discount because it’s a privately held, illiquid asset. ... [+]Such wild discrepancies in valuation are possible because defining SpaceX alongside a series of publicly traded comparable companies is nearly impossible.

Chad Anderson, a managing partner of Space Capital and CEO of Space Angels is also unsurprisingly bullish on SpaceX’s value. Citing UBS research, he says that if SpaceX’s point to point travel business eats into the airline industries market share, there’s a $10 to $20 billion per year “revenue opportunity” for whoever gets there first.

 

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DavidGDawkins +100 SpaceX AeroSpace & Communications Divisions: Falcon9 FalcolnHeavy (StarMan Fig1 Cr SpaceX) ReusableRocket DragonCrew DragonCargo StarShip StarLink: In Limited Beta** An ElonMusk Co. W/Shared Tesla Engineering! $TSLA ** Via | TheVerge

DavidGDawkins This is a pyramid 😊. The base of the pyramid is us ! 😊 taxed payers, honest business, State. Than in the middle of the pyramid you have the Bills, mortgages, credit , etc... basicly is buying the shit that the top of the pyramid go rich. And they are banks and Elons!Continue.

DavidGDawkins What is the basis for the evaluation? Contracts in hand? Ability to perform more task, more efficiently? Or has MS simply invested in the stock and using their muscle to drive the price up?

DavidGDawkins Ridiculous!

DavidGDawkins Money move

DavidGDawkins Space Race 2.0

DavidGDawkins Woooowww

DavidGDawkins Lovely. Do like it. ❤️

DavidGDawkins Nice one Sir

DavidGDawkins Mum must be proud.

DavidGDawkins I hate him.

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