Axios
US · 5 hrs ago
The bull and bear cases for SpaceX
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The bull and bear cases for SpaceX
It's a foregone conclusion that SpaceX will raise at least $85 billion in its record-wrecking IPO, with pricing set for Thursday and first trades for Friday.
The question, therefore, is what happens next.
The bull case
SpaceX will generate hundreds of billions of dollars in revenue by 2030, despite booking less than $19 billion last year.
The biggest chunk should be from Starlink, which will leverage Starship's larger payloads to supercharge its nascent direct-to-cell business. Starlink could
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