PANews, June 4: According to CNBC, Brett Winton, Chief Futurist at ARK Invest, stated that SpaceX’s satellite internet business, Starlink, alone could support a valuation of approximately $2 trillion. SpaceX plans to list on Nasdaq at $135 per share, implying a valuation of about $1.77 trillion, and intends to sell 555.6 million new shares, raising approximately $75 billion; underwriters also have the option to issue an additional 83.33 million shares, raising an additional $11.2 billion.
ARK Invest's Chief Futurist Estimates Starlink Could Support a $2 Trillion Valuation
PANewsShare
Summary
ARK Invest chief futurist Brett Winton estimates Starlink could support a $2 trillion valuation, according to on-chain news. SpaceX plans a Nasdaq listing at $135 per share, valuing the company at $1.77 trillion. The offering includes 555.6 million new shares to raise $750 billion, with underwriters possibly adding 83.33 million more for an additional $112 billion. New token listings on major exchanges continue to draw attention as the crypto market monitors key developments.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.