The projects "lunar" of SpaceX, how much Musk’s creature is worth

A share of the initial public offering of Space Xequal to one trillion dollars of the 1750 expected, according to an analysis by Financial Timesis based on a series of ambitious “lunar” goals on which the investors they have to gamble to justify the high price set by Elon Musk. According to sources close to the offer, much of the assessment is based on the assumption that SpaceX can achieve Marte con reusable rocketsput data centers into orbit and play a key role in the development ofartificial intelligence. Investors also assume that SpaceX can capitalize on its current yield advantages Starlink the dominant communications network and that its reusable rockets will help create new markets beyond Earth.

In view of theIPO on Friday, some investors already present in the company questioned thehuge ratingunder which the loss-making company would trade at 92 times last year’s revenue, a multiple that far exceeds that of other big tech companies. The analysts of Morningstar they stated that if SpaceX achieved its lunar goals, its target price would be justified, but based on its current performance SpaceX would only be worth $780 billion.

Future growth and revenue forecasts

Goldman Sachs predicts that SpaceX’s AI revenues will increase 100-fold, reaching $322 billion by 2030, while Morgan Stanley estimates that the company’s revenues will reach $3.4 trillion by 2040. Both banks are among the underwriters of the IPO.

Risks and scenarios according to analysts

“Never bet against Elon Musk, this man has repeatedly proven that he can win in different sectors,” said David Anderman. The entrepreneur does not forget that Musk asked his new legal manager “to generate $200 billion in value so he could go to Mars“Anderman recalls. If all of the company’s “ambitious” bets pay off, its current valuation would be “achievable,” said Morningstar’s Owens. “Know, though, that if this is what you’re buying, you’re paying for a possible but far from probable scenario.”