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Starlink’s numbers could bring SpaceX’s valuation crashing down
While DOGE dismay has hammered Tesla stock, SpaceX is still flying high with investors as the world’s most valuable private company. But economic realities and the physical limits of beaming internet connectivity from space could puncture the good vibes.
That valuation has largely held steady on secondary markets this year even as shares in Musk’s electric car maker Tesla have plummeted 55% from a record high reached in mid-December amid faltering sales and public fury over his role in the Trump administration and embrace of right-wing nationalists in Europe. NurPhoto via Getty ImagesThe tension could be a boon for competitors that have struggled to keep up with Starlink and inspire more governments to launch their own satellite constellations, like Taiwan and the European Union, so as not to be overly reliant on Musk and the United States. As the world’s second-largest company by revenue, Amazon has unparalleled financial firepower to devote to the project, as well as the ability to leverage its AWS data storage business for ground infrastructure and to cross-sell to government and commercial customers.
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