When your the cheapest and fastest way into space for all military and commercial customers within NATO for over a decade, that’s just sort of how the cookie crumbles.
This insane rise in the valuation is mostly based on Starlink (and related technologies). It’s expensive but still a killer product that has no real competitor at the moment in places only served by shitty DSL or worse, and huge potential due to everything moving to the internet. Think YouTube and other streaming services instead of satellite TV.
And while it seems a lot of people are trying to create competitors (most notably Amazon’s Kuiper) those still have a lot to prove, not just wrt the basic technology but especially with regards to keeping costs down.
Besides that it’s mostly Starlink related defence contracts and them being in general the best at space launch and crewed spaceflight.
(Fwiw I do think this valuation is inflated)
AST mobile had 7 billion valuation from a single contract with NASA… I think 210 billion is pretty conservative actually
It should be deeply concerning that one privately owned company has this much control over a major aspect of national security
I like Starlink because it allows everyone free emergency calls and stuff.
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Source: [https://www.teslarati.com/spacex-raises-100m-follow-on-round-investors/spacex-series-h-follow-on-21b-valuation/](https://www.teslarati.com/spacex-raises-100m-follow-on-round-investors/spacex-series-h-follow-on-21b-valuation/)
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It rised because we can finally go to Mercury!
When your the cheapest and fastest way into space for all military and commercial customers within NATO for over a decade, that’s just sort of how the cookie crumbles.
This insane rise in the valuation is mostly based on Starlink (and related technologies). It’s expensive but still a killer product that has no real competitor at the moment in places only served by shitty DSL or worse, and huge potential due to everything moving to the internet. Think YouTube and other streaming services instead of satellite TV.
And while it seems a lot of people are trying to create competitors (most notably Amazon’s Kuiper) those still have a lot to prove, not just wrt the basic technology but especially with regards to keeping costs down.
Besides that it’s mostly Starlink related defence contracts and them being in general the best at space launch and crewed spaceflight.
(Fwiw I do think this valuation is inflated)
AST mobile had 7 billion valuation from a single contract with NASA… I think 210 billion is pretty conservative actually
It should be deeply concerning that one privately owned company has this much control over a major aspect of national security
I like Starlink because it allows everyone free emergency calls and stuff.