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SpaceX $100B valuation, Experts say there is a lot of FOMO.’

SpaceX reportedly just surpassed a $100 billion valuation. The private company which recently launched an all-civilian crew to space sold its shares on the secondary market at an offer price of $560 each, according to CNBC. The market capitalization of SpaceX is now higher than the estimated $97 billion valuation of Lockheed Martin (LMT), the largest defense contractor in the world. “There is a lot of FOMO right now with SpaceX,” Robert Jacobson, founder of Space Advisors and author of space is open for business, told Yahoo Finance. “There has been, and probably will continue to be. “Jacobson explains that the reason why SpaceX has earned a $100 billion valuation is because of the progress the company has made with its fully reusable spacecraft Starship and its fully reusable spacecraft starship and its satellite internet constellation Starlink.
There is also speculation about the company’s satellite unit spinning off in an IPO. Although there is no indication of when or if that would ever happen, but if it ever does, it would likely be massively sought after. “it might sound crazy, but I think you could IPO a starlink on its own with a minimum valuation of $100 billion. Because you are talking about a whole new network of internet connectivity to reach the globe,” said Jacobson. Elon Musk, the CEO of Tesla, founded SpaceX in 2002. The space-related company has collaborated closely with NASA over the years.