00:00It's Benzinga bringing Wall Street to Main Street
00:02SpaceX is preparing a potential IPO that aims to raise $50 billion at a $1.75 trillion valuation,
00:10though accounting expert Jack Krzyzewski told fortune reaching that level is really a moonshot.
00:15Krzyzewski said the outcome depends on rapid market growth and SpaceX gaining monopoly-like
00:20scale and rocket production. PitchBook analyst Franco Granda said the target is achievable
00:25due to large growth opportunities tied to Starlink. PitchBook projects SpaceX could generate
00:31$150 billion in revenue and $95 billion in EBITDA by 2040 as Starlink reaches 1.2 billion subscribers
00:38and Starship enables daily launches that reduce satellite deployment costs by about 70%.
00:44SpaceX earlier acquired Elon Musk's AI startup XAI, valuing the combined company at $1.25 trillion.
00:52Citigroup recently joined banks preparing the IPO as Amazon asked regulators to reject a plan
00:58to launch 1 million satellites. For all things money, visit Benzinga.com.
