00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tima ETFs argues that SpaceX, far from being just a rocket company,
00:07represents the foundational infrastructure of a future space economy, according to a research note.
00:13CIO Yuri Kojimirian says the SpaceX investment case has expanded beyond rockets to include
00:20broadband, AI data capacity, satellite dominance, and future space-enabled industries.
00:26Kojimirian says Starlink alone may justify much of SpaceX's $2 trillion anticipated IPO valuation,
00:34citing roughly $11.4 billion in revenue and $7.2 billion in EBITDA in 2025 from around 9 million subscribers.
00:42The subscriber base could double in 2026.
00:46Under Tema's scenario analysis, 300 million subscribers paying $50 monthly could generate roughly $180 billion in annual revenue
00:54and $125 billion in EBITDA.
00:57Tema also credits SpaceX's reusable rockets for cutting launch costs roughly 90% over the past decade.
01:03For all things money, visit Benzinga.com.
Comments