The SpaceX has sparked strong optimism on Wall Street following its record IPO, even though it is not expected to generate free cash flow for at least a decade. Valued at around US$2 trillion, Elon Musk’s company already has analysts projecting a market value of more than US$10 trillion in the coming years, based on the scale of its plans for the space sector. At launch, the market value was US$1.7 trillion; today, it is $1.9 trillion.
Analyst Adam Jonas, from Morgan Stanley, estimates that the Starship reusable rocket will carry out around 50 launches in 2027, a number that could reach 6,000 in 2040. In this scenario, SpaceX would place around 600,000 metric tons into orbit in a single year, more than ten times the total launched by humanity throughout history, requiring a fleet of more than 200 Starships and approximately 8,000 engines.
Starship’s main differentiator is the reduction in the cost of access to space, from thousands to hundreds of dollars per kilogram transported, making large-scale operations economically viable.
Another point highlighted by analysts is the company’s production structure. SpaceX manufactures about 90% of its components internally, while traditional manufacturers such as Boeing rely on suppliers for approximately 60% of parts. According to Ken Herbert, from RBC, this vertical integration reduces bottlenecks and accelerates the expansion of production capacity.
After visiting the company’s factory in Starbase, Texas, Herbert stated that the level of automation and industrialization is unlike anything he has ever seen and compared the installation to a step towards the future. Although he recognizes that delays are inevitable in projects of this magnitude, the analyst believes that, if the plans are executed, the result will be “unprecedented”.
Herbert recommends purchase for SpaceX shares, with a target price of US$225, while Jonas projects US$300. The market consensus points to an average target price of US$242, equivalent to a market value close to US$3.2 trillion.
*Content translated with the help of Artificial Intelligence, reviewed and edited by the Broadcast Editorial Team
Source: www.noticiasaominuto.com.br
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