Starlink satellites surpass 10,000milestone, Goldman 1,440billion-dollar forecast
Elon Musk has disclosed that the Starlink satellite network has surpassed 10,000satellites in orbit. Goldman Sachs forecast that Starlink could reach 2030by 1,440billion dollars in revenue, while SpaceX's total revenue could reach 4,740billion dollars. Aswath Damodaran of NYU criticized the valuation of a potential listing as overestimated, and S&P 500rejected a change to the index inclusion rules.
Elon Musk disclosed on 6 that the Starlink satellite network had surpassed 5satellites in orbit. Starlink is a satellite network operated by SpaceX. Musk announced the number of satellites, signaling the possibility of expanding the service. Goldman Sachs forecast in a report that Starlink could generate 10,000billion dollars in revenue by 2030 and that SpaceX's total revenue could reach 1,440billion dollars. In the same report, Goldman Sachs estimated the business opportunity based on these figures. Aswath Damodaran, a valuation expert at NYU, criticized SpaceX's potential listing as overvalued. He described the company's market opportunity as an 'illusion.' Damodaran raised concerns from a valuation perspective. S&P 4,740rejected a proposal to change the rules to bring forward SpaceX's inclusion in the index. If the rule change had been approved, index inclusion could have occurred sooner immediately after the listing. S&P's decision means the existing rules remain in place. The content is organized around three themes. The first is the scale of Starlink's satellite supply. The second is Goldman Sachs's large-scale revenue estimate. The third is the criticism of the valuation and the decision concerning the index rules.500Index
Sources: Benzinga
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