Cathie Wood is calling the $1.75 trillion SpaceX IPO a deep value bargain, arguing that a single Starship launch could generate $1 billion in revenue. The ARK Invest founder tied that figure to Elon Musk's goal of 10,000 flights a year by 2030, a cadence that would imply $10 trillion in annual revenue from Starship alone. The math rests on Starlink connectivity revenue of roughly $19 million a year per terabit per second of network capacity, with one Starship carrying about 61 Tbps, though ARK data shows that per-Tbps figure sliding from $23 million in 2024 to $19 million in 2025. The projection assumes every flight carries Starlink capacity, while Musk has framed the 10,000-flight target against commercial air travel, a business that earns no connectivity revenue. Early investors have little to show so far: SPCX priced at $135 in June and closed its first session at $161, but the stock has since spent weeks below its IPO price, and Starship has flown only twice since the listing, both suborbital, with the V3 satellites released in July re-entering and burning up within roughly 20 minutes. The next mission aims to reach Earth orbit for the first time with 26 operational V3 units and would become the first Starship launch to earn commercial revenue.
Space Exploration Technologies Corp. Class A Common StockCathie Wood calls the $1.75T SpaceX IPO a bargain on Starship revenue math, but the stock has traded below its IPO price and Starship has flown only twice suborbitally.
ARK's Cathie Wood is the source of the bullish SpaceX valuation call, but the article reports no company-specific development for ARK itself.
