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on June 12 2024 15:20:58
If they ever take SpaceX public it will be a trillion dollar valuation, considering they're launching 98% of all non-Chinese payloads to space (calculated yearly).
The demand for SpaceX’s satellite internet service has grown significantly across DoD, according to Clare Hopper, head of the Space Force’s Commercial Satellite Communications Office (CSCO).
“We are burning through our procurement contract ceiling really quickly,” Hopper said, referring to the $900 million, 10-year IDIQ agreement for proliferated LEO satellite services her office and the Defense Information Systems Agency (DISA) established just a year ago with 20 vendors including SpaceX.
“In fact, by this time next year, we expect $500 million of that ceiling to be consumed,” she said at the Milsatcom USA conference. “So we are working with DISA right now to increase that ceiling well into the billions. We do view this contract as being a workhorse, and the demand for it is off the charts.”
The satellite internet service Hopper’s office procures today from SpaceX is currently branded as Starshield although it utilizes SpaceX’s commercial Starlink satellite constellation, and not a dedicated military Starshield system. “All of our users are on the commercial Starlink constellation,” Hopper explained. DoD has “unique service plans that contain privileged capabilities and features that are not available commercially.”
She noted the flat-panel user terminals that CSCO purchases from SpaceX are designed to be compatible with commercial Starlink and government-owned Starshield satellites. “The terminal is capable of roaming on the Starlink and the Starshield constellation,” Hopper said. |
on June 12 2024 18:45:02
Elon casually mentioned, in his 4 hour diablo 4 stream (I cant find that kind of gaming time and I run 0 companies) that the next generation of Starlink satellites will be at 350 km altitude compared to 500-650 currently. That means faster atmosphere burnup leading to less potential space debris, lower latency and shorter satellite lifespan. It also means that he will need to launch substantially more satellites. constellation is about 6k now and will probably increase to as much as 40k.
So, a serious increase in Starlink throughput is coming at some point, which will boost global commercial internet sales and now with mobile phone connection too. Add that to the defence contract and yeah, .. if they ever go public it will definetly be a trillion dolloar company, even without moon/mars stuff.
I hope they never go public though. |
on June 12 2024 20:25:24
I hope they never go public though.
Same. Public companies without a majority foundation ownership always end up iin enshitification. Look at GE and Boeing, both among the largest companies of the last century, both husks of their former selves.
It works for Novo Nordisk and Eli Lilly to be publicly traded, both have their controlling stake owned by endowments and foundations, so they can do long term planning, and both have utilized that to become among the 20 biggest companies in the world (and will probably break into the top 10 soon).
SpaceX doesn't need the noise that "what about quarterly profits" and "hyper focus on short term shareholder value" that publicly traded companies face. Think he learned that lesson the hard way with Tesla, and won't do it again, unless he can place a controlling stake in an endowment or a foundation. |
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