India, June 4 -- SpaceX is gearing up for one of the biggest public offerings in history, eyeing an initial price of $135 per share, which puts its valuation at around $1.77 trillion, ahead of its Nasdaq launch set for June 12.
Brett Winton believes that the company's satellite internet arm, Starlink, alone could justify a valuation close to $2 trillion. He points out that Starlink currently delivers about 500 terabits per second in bandwidth, has over 10 million subscribers worldwide, and is pulling in almost $14 billion annually, with sales projected to top $20 billion this year.
For this offering, SpaceX plans to issue about 555.6 million shares, potentially raising around $75 billion. And there's also an option for underwriters to buy...