This is the reason for its meteoric entry into the stock market
SpaceX has gone public with a Public Offering of Sale (IPO) of 75,000 million dollarsequivalent to a valuation of $1.75 trillion. Basically, the highest in history. According to financial analysts at Wolfe Research, the stock’s price target should be $175 and rising. Basically, it has started its journey on the stock market in style. But why? It is clear that Elon Musk’s company makes a lot of money, but it also spends huge amounts. Still, the gains are clear and, according to experts, lie mainly in two issues. The role of reuse. If there is something for which is known SpaceX is undoubtedly for its pioneering role in rocket reuse. The company’s first large reusable vehicle was the Falcon 9. However, this one had a problem: only the first stage is reused. The second is lost with each launch, so it must be remade and therefore money needs to be invested in it again. This problem is solved with the Starship, since its two stages are prepared to be reusable. On flight number 11, in 2025, the entire ship was recovered for the first time. For economic purposes, this is one of the great advantages of SpaceX. And, according to point out from Investinga Falcon 9 launch for more than 100 tons of payload can cost about $14 million, while the same flight would only cost $3 to $5 million for Starship. The Starlink case. For financial analysts, Starlink It is another of the keys to the economic success of SpaceX. In 2024, for the first time, the result of its EBITDA less capex was positive. The first term refers to the operating profit of a company without taking into account investments. On the other hand, capex is the money that is invested. Therefore, the subtraction of both must be positive for there to be an economic return. Once the first positive figure is obtained, the difference can grow, as is expected to happen with SpaceX. In fact, it is estimated that by 2030 it could reach $90 billion in EBITDA. Very fast. This balance has been reached even before reaching the great growth phase derived from the increase in subscribers, so it is a very good sign for the company. Analysts disagree. Despite all of SpaceX’s initial success, most analysts agree that the claims of Elon Musk’s aerospace company are too high. The shares have come out with a selling price of $135, but other financial research groups, like Morningstarbelieve that they should not cost more than $63. This is because it is true that there are benefits to Starlink and that reuse will further increase the profit margin. However, SpaceX is still a company that loses a lot of money. The price of $135 per share would mean valuing the company at 92 times its last 12-month sales, a figure much higher than that of other companies. As an example, with Apple shares the company is valued at about 11 times its annual earnings. The differences are more than clear. Image | MagnificentHeisenberg Media In Xataka | Elon Musk knows that TSMC is overwhelmed: Terafab is his idea to completely change the global chip industry
