SpaceX CEO Elon Musk on Thursday outlined that the company’s Starlink satellite internet service’s low-Earth-orbit constellation had over 10,000 satellites.
10,000 Satellites In Orbit
Quoting a post by SpaceX on the social media platform X, Musk hailed the Falcon 9 rocket putting another payload of 29 low-Earth-orbit satellites into space. “29 more Starlink satellites. Over 10,000 in orbit now,” the billionaire CEO said in his post.
Goldman Sachs Touts Starlink’s Importance
Goldman Sachs Group Inc. (NYSE:GS), which is the lead underwriter for the SpaceX IPO, reportedly discussed potential revenue figures with an investor, according to a report by the Financial Times on Thursday.
The report points towards the Goldman predicting that the commercial space flight company’s AI revenue will surge 100 times to $322 billion by 2030.
The Starlink satellite internet service would account for $144 billion and the rocket division would generate $8.3 billion in revenue. SpaceX’s total revenue could reach over $474 billion by 2030, the report said.
Dean Of Valuation Skips SpaceX IPO
Amid the IPO buzz, NYU Stern Professor Aswath Damodaran, who is also known as the "Dean of Valuation," said that he will be avoiding taking part in the SpaceX IPO.
The professor, a respected expert on Wall Street, deemed SpaceX’s $28.5 trillion market opportunity as “fantasy,” while also calling the IPO overpriced.
S&P 500 Won’t Amend Rules
Interestingly, the S&P 500 index, which is operated by the S&P Dow Jones Indices, said that it won't be amending its rules that could have allowed SpaceX a faster entry into the index.
The index had earlier proposed changes to help megacap companies bypass entry rules of the index and gain expedited entry following public debuts.
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