SpaceX Thinks This "Early Stage" Business Is Critical to Its $1.77 Trillion IPO Valuation
A single business segment accounts for most of SpaceX's growth potential.
SpaceX Thinks This "Early Stage" Business Is Critical to Its $1.77 Trillion IPO Valuation
Overview
With the SpaceX initial public offering (IPO) just days away, it's critical for every potential investor to review the company's IPO prospectus. In this 370 page report, a few critical details are revealed. Arguably, the most important figures to understand are SpaceX's claimed total addressable market, or TAM.
"We believe we have identified the largest TAM in human history," the company brags. "We estimate that our quantifiable TAM is $28.5 trillion."
Perhaps surprisingly, only 1% of this total addressable market deals with rocket launches -- a business segment that SpaceX forecasts only has $370 billion in potential runway. Less than 6% of SpaceX's total addressable market, meanwhile, deals with its Starlink internet service -- currently, its sole profitable business.
Details
Source
Originally published at www.fool.com.
Related Articles
- 51% of U.S. adults say the American Dream is out of reach for most people right now: CNBC survey
- A massive 16% market swing just rocked South Korea over 24 hours. The retail ‘ants’ holding the wheel are driving dangerously.
- I’m 60, retired with $3 million. My fiancée, 55, has $1 million but plans to work for the next 10 years. Are we compatible?
