SpaceX’s upcoming public offering could rank among the most significant stock listings in history, according to Brett Winton, chief futurist at ARK Invest. He notes that the company’s satellite internet business alone could support a valuation approaching $2 trillion. The IPO is priced at $135 per share, implying a market capitalization of approximately $1.77 trillion ahead of its scheduled Nasdaq debut on June 12. Winton remarked that the target valuation of near‑$2 trillion is not unexpected, emphasizing the enormous potential of artificial‑intelligence opportunities. SpaceX plans to offer 555.6 million shares, raising about $75 billion, with underwriters holding an additional 83.33 million shares for up to $11.2 billion. Post‑offering, Elon Musk would retain more than 82 % of voting control. Winton said SpaceX’s growth extends beyond launch services and is closely linked to the rapid development of artificial intelligence. ARK estimates that companies creating and operating foundation AI models could generate $15 trillion to $20 trillion in enterprise value by 2030. He described the current moment as a pivotal technological inflection point in human history. ARK is heavily invested in SpaceX through its venture strategy; its largest holding is a private stake representing roughly 11.4 % of assets, delivering about 15 % returns year‑to‑date and over 70 % over the past year. While investors often focus on reusable rockets, Winton argues that Starlink, the company’s satellite broadband network, is the primary driver of ARK’s valuation thesis. He notes that Starlink currently delivers about 500 terabits per second and generates roughly $13 billion in annual revenue, with the Starship launch vehicle poised to accelerate growth by lowering costs and enabling faster satellite deployment. He added that each Starship launch could add 60 terabits per second, allowing a handful of launches to match current capacity and potentially fueling hundreds of billions of dollars in future Starlink revenue.
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