ARK Invest Chief Futurist: SpaceX's satellite internet business Starlink alone could support a valuation of approximately $2 trillion

On June 4, according to CNBC, Brett Winton, Chief Futurist at ARK Invest, stated that SpaceX's satellite internet business, Starlink, could alone support a valuation of approximately $2 trillion. SpaceX plans to list on Nasdaq at $135 per share, valuing the company at around $1.77 trillion. The company intends to sell 555.6 million new shares, raising approximately $75 billion. Underwriters also have the option to purchase an additional 83.33 million shares, potentially raising another $11.2 billion. Winton noted that Starlink's current constellation provides about 500 Tbps of bandwidth, generating approximately $13 billion in annual revenue. With Starship's large rockets reducing launch costs and accelerating satellite deployment, Starlink's revenue is expected to increase to hundreds of billions of dollars. The ARK Venture Fund's current holdings in SpaceX private equity represent its largest single position, accounting for about 11.4%.