SpaceX IPO Countdown: Can the space-AI narrative support a $100 billion valuation?
If SpaceX reaches a valuation of $1.5 trillion, the value of SATSâs SpaceX shares will be as high as 154% of the company's current total market capitalization.
Deep Value: If SpaceX truly achieves a $1.5 trillion valuation, the value of SATSâs SpaceX shares alone ($41.6 billion) would already be 1.5 times the current value of the entire SATS company ($27 billion). ð The current price per share of SATS is $103.
Buy-one-get-one-free concept: This means that if one buys SATS now at its market capitalization of $27 billion, not only are they acquiring future SpaceX shares at a 65% discount, but they are also getting SATSâs satellite communications business, spectrum assets, and cash flow for free.
ð€ The market has yet to fully reflect this: Although the current stock price (market cap of $27 billion) has risen sharply from previous lows, it appears to only reflect a SpaceX valuation of around $800 billion to $900 billion. If the market becomes convinced that SpaceX can reach a $1.5 trillion IPO valuation, SATSâs stock price ð theoretically still has significant room for a catch-up rally (at least rising to a level that reflects the $41.6 billion value of its stake plus the value of its core business).

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