Re:SpaceX Is Raising $500M at a $30.5B Valuation
by ineedasername on Tuesday December 18, 2018 @04:17PM
(#18710664)
I generally agree, but I also think it's important to note that SpaceX has underperformed its target on launches and therefore revenue in 2018: It had a target of 30 launches, and has only seen about 20 this year, roughly the same as 2017. The increase of $3billion+ dollar on it's valuation since its last round therefore appears to be despite underperforming targets rather than actual increase in either revenue or profits (to the best such are publicly discernible for a private company)
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Re:SpaceX Is Raising $500M at a $30.5B Valuation
by mabbo on Tuesday December 18, 2018 @07:08PM
(#18711820)
That's a good point. Still, I can see reasons for raising it's perceived value over last year.
A year ago, Falcon Heavy still hadn't launched. Will that happen in 2018? Ever? We didn't know.
A year ago, we were still barely a year since the 2016 pad explosion- is this going to happen again? How often? What if it happens tomorrow?
And most importantly, we've doubled (ish?) the number of landings. With more data, we've got a better estimate on the expected future success rate.
SpaceX is becoming a less risky investment. There was always a valuation hit because of that risk.
Re:SpaceX Is Raising $500M at a $30.5B Valuation
by taneq on Tuesday December 18, 2018 @08:37PM
(#18712315)
Given the advances they've made in the past year I think 10% is a conservative estimate of the change in valuation. And, as others have said, if Starlink pans out then they will effectively corner the market on broadband internet, which is a massive multi-billion dollar industry.