Copyright NASA / AFP Aubrey Gemignani
You can take or leave Elon Musk as a media phenomenon, but the SpaceX IPO is a major deal for the stock market and the future of business investment. If you remember how difficult it was for the market to get the collective lead when listing Twitter and other social media, this is easily an equivalent level of difficulty.
SpaceX stock market information it’s already pretty interesting. Sources of income, a drastically raised valuation of $ 46 billion to $ 74 billion and of course the hype, the glorious hype, are all over the market.
In fact, SpaceX customers are likely to include NASA and the U.S. Department of Defense. It’s big money and SpaceX is in the right place for that kind of business. There is even a strategic factor in U.S. space competition with China. Another possible added interest, somewhat stuttering, is the transport of SpaceX goods that goes from “point to point” on Earth,
Starlink, the SpaceX satellite network, is another big credible winner. Satellite internet services are the main developments in this area, although satellite services for airlines are also making headlines.
Difficult call: do you understand the SpaceX market?
Companies working in space technology are nothing new. Boeing, etc. are known factors in investment. This is very different. A company that deals exclusively with space travel and space services is totally different in too many ways.
The real problem of the market is its own understandable but expensive ignorance. What does the market know about space launches and new space companies? Not much, in terms of investment.
What can go wrong? What can go well? There is nothing on the market that can compare to SpaceX. This is not a brick company. It is not general current.
There are multiple technological elements, another potentially cost-based problem for SpaceX. If you consider the various ramifications of new technology in any market, let alone space, it’s likely to be a permanent investment issue.
Then there is Musk himself as an asset and a liability. Some people explode hastily at the mention of their name; others are true admirers. Musk’s perceptions are very colorful by editorials and personal opinions. This can affect, sooner or later, investments and stock prices, both positively and negatively. Man cannot stay out of the light for long, even if he wants to.
The current situation, as it is currently visible for IPO, is:
- A very strong and large-scale valuation of values.
- Various credible revenue streams and leads for SpaceX and Starlink.
- Absolutely nothing like benchmarks for comparison.
- An open and often unfriendly space race with China and, in some cases, Russia, which could affect SpaceX.
- Risk issues for space companies, particularly useless space debris around Earth that could destroy missions and vehicles.
- It could serve as a strong, albeit often imprecise and nonspecific, impetus to commercial space mining and similar SpaceX companies.
- An overall improvement in space technology from which SpaceX could benefit commercially in the long and short term.
Sorry for the expression: look at this space. It will definitely not get boring and will be the first working version of a space giant based on the market.