Bringing back the podcast with a BANGER episode featuring Sam Korus of ARK Invest and Aaron Burnett of Mach33 research. They have teamed up to release potentially the most thorough and in-depth valuation model of SpaceX ever made public. Breaking down the value of Starlink vs the Launch business and how Mars takes the potential valuation to $10T and beyond. I learned a ton from their open-source model and would highly recommend checking it out.

Sam Korus on X: https://x.com/skorusARK

Aaron Burnett on X: https://x.com/aarontburnett

ARK Invest SpaceX Valuation Model: https://www.ark-invest.com/articles/valuation-models/ark-expected-value-spacex-2030Mach33

SpaceX Valuation Blog: https://research.33fg.com/analysis/spacex-at-escape-velocity-ark-mach33-s-2-5t-2030-valuation-model

0:00 Intro

2:48 Are you invested in SpaceX?

4:50 How is SpaceX worth $2.5T by 2030?

7:00 Starlink Network Capacity & Global Pricing

9:15 SpaceX Revenue Projections (Through 2030)

10:28 Starlink Network Bandwidth

12:19 Fiber vs Starlink

15:15 Too Many Satellites?

17:40 Starlink TAM

20:42 Starshield Potential

21:46 Laser Interconnects

23:58 Starlink Cash Flow $70B by 2030

24:28 Starlink IPO?27:39 Starlink Profits Fund Mars

29:59 What’s the market cap of Mars?

35:11 What’s SpaceX plan for Mars?

40:25 SpaceX Business Moonshots

My X: https://twitter.com/gfilche

HyperChange Patreon :) https://www.patreon.com/hyperchange

Disclaimer: I'm invested in SpaceX. This show is not financial advice.