In today’s increasingly digital world, internet connectivity is becoming less of a luxury and more of a necessity. However, many parts of the country and of the world remain unconnected or under-connected. You’ve probably heard about Starlink, a division of aerospace manufacturer SpaceX, and how it’s working to change that. The fund invests in what they believe are the most innovative companies in the world. These can be public or private companies, though each of the fund’s top 15 holdings are private companies. Along with SpaceX, its top 10 holdings include Epic Games, Anthropic, Discord, and Figure AI.
It’s no surprise then that market watchers’ eyebrows rose when listening to SpaceX President 20 best junior asp net mvc developer jobs hiring now! and Chief Operating Officer Gwynne Shotwell speak at the February 2023 Commercial Space Transportation Conference. While discussing a planned testing milestone for SpaceX’s rockets, Shotwell claimed that 2023 was the year Starlink would make money. To explain why, we need to first explain the different types of internet. The two most common are land-based connections and cellular or mobile connections. We strive to provide up-to-date information, but make no warranties regarding the accuracy of our information.
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- Though anticipation is sky-high for Starlink’s debut, you won’t find this name listed on an official IPO calendar.
- Tesla and SpaceX CEO Elon Musk said he will only publicly list satellite broadband service Starlink when its cash flow is more predictable.
- She added that the company had a cashflow-positive quarter in 2022.
- Starlink is a promising company with seemingly limitless potential.
To invest in Starlink you would need to buy stocks in SpaceX (since Starlink is a service provided by SpaceX). As of 2023, Starlink generated $4.1 billion in revenue, indicating robust growth and positioning it as a key driver of SpaceX’s valuation. Analysts estimate that Starlink’s IPO valuation could range from $40 billion to $80 billion, given its market position and growth potential. At the time of this writing, Starlink is not publicly traded, and there is no concrete date for a Starlink IPO.
As of May 2024, more than 3 million people are using Starlink, a figure that is now increasing by 150,000 per month.
What’s the market saying about the Starlink IPO?
Musk added later that year that Starlink’s parent company SpaceX “needs to pass through a deep chasm of negative cashflow over the next year or so to make Starlink financially viable.” One reason for this interest is Musk’s reputation in the investment space. Despite recent pitfalls at X, previously known as Twitter, the new investor’s complete guide to brokers the man has been involved in multiple highly successful and high-profile tech companies. Starlink itself is an offshoot of one of his other companies, SpaceX. His distinct writing style of distilling convoluted data into relatable and compelling narratives has earned him recognition among several investment-related publications. As mentioned, Starlink isn’t publicly traded yet, and some of these issues could improve before it goes public.
What is Starlink’s stock symbol?
On the fundamental side, you usually don’t have much information to work with, perhaps how much revenue a firm with public ambitions generated in the most recent fiscal year. As for other metrics such as free cash flow, you must rely on analyst estimates that may be inaccurate. Though anticipation is sky-high for Starlink’s debut, you won’t find this name listed on an official IPO calendar. In a series of tweets, Elon Musk repeatedly expressed his interest in spinning off his SpaceX subsidiary as a publicly-traded entity.
A few months later, following the launch of its war on Hamas, Israel entered into talks with SpaceX to secure the use of Starlink satellites as a backup communications system. As a subsidiary of a private company, Starlink has not made available to the public its financial details. However, the Federal Communications Commission recently awarded SpaceX a nearly $900 futures and options trading tags million subsidy for Starlink to support rural broadband access, indicating a truly substantive business.
By registering, you agree not to hold Ticker Nerd liable at any time or under any circumstances for your decisions, actions, or results. To expand their coverage even further, Starlink recently launched additional satellites with a specific focus on providing internet access to the polar regions. In just two years, they plan to have these regions covered, bringing connectivity to some of the most remote places on Earth.