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SpaceX, the private company that recently launched an all-civilian crew into space, has just surpassed a valuation of $ 100 billion.
Shares of the company headed by Elon Musk were sold in the secondary market for an offer price of $ 560 each, according to CNBC.
SpaceX now has a market cap above the estimated $ 97 billion valuation of Lockheed Martin (LMT), the world’s largest defense contractor.
“There’s a lot of FOMO going on right now with SpaceX,” Robert Jacobson, founder of Space Advisors and author of Space is Open for Business, told Yahoo Finance. “There have been and there probably will be more.”
Jacobson says the reason SpaceX got a $ 100 billion valuation is because of the progress the company has made with its fully reusable Starship spacecraft and its Starlink satellite internet constellation.
Speculation about the company’s satellite unit split during an IPO has been circulating since before the pandemic. There is no indication of when or if this could happen, but if it did, it would likely be massively researched.
“It might sound crazy, but I think you could introduce a Starlink alone with a minimum valuation of $ 100 billion. Because you’re talking about a whole new network of Internet connectivity to reach the world,” Jacobson said.
SpaceX did not respond to a request for comment on the assessment.
Elon Musk, CEO of Tesla (TSLA), founded SpaceX in 2002. The space-related company has worked closely with NASA over the years.
“The success of SpaceX – it’s not because of NASA, but NASA helped them thrive. But on the other hand, if NASA said we want those capabilities and we’re just going to go to the incumbents, it would have cost a lot more money and took a lot more time, if you could even get the same results as SpaceX, ”Jacobson said.
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