In recent years, investors have grown accustomed to big tech companies valuing their companies in the trillions, driven by the AI boom. SpaceX’s purported valuation is a clear indication that the space business is approaching similar levels.
Valuations of US space companies may have hit stratospheric levels, but the fortunes of local satcom companies is tracking mixed growth trajectories.
Elon Musk, widely recognised as the chief executive of electric vehicle (EV) maker Tesla, is also the founder and CEO of the aerospace company SpaceX. On Dec 10, SpaceX was reported to be pursuing an IPO next year, seeking to raise over US$30 billion ($38.8 billion), for a whopping US$1.5 trillion valuation.
