00:00It's Benzinga bringing Wall Street to Main Street
00:02ARK Invest CEO
00:04Cathie Wood said SpaceX's Starship could generate $10 trillion in annual revenue by 2030 if
00:10Elon Musk reaches a target of 10,000 launches per year.
00:13In a post on X, Wood said each Starship launch could generate $1 billion in revenue, based
00:17on ARK researcher Sam Khoris' estimate of Starlink connectivity revenue per unit of
00:22capacity.
00:22Musk responded that the projection is not impossible.
00:25SpaceX says Starship could eventually deploy up to 60 V3 Starlink satellites per launch.
00:30The company plans to begin deploying V3 satellites this month, with Flight 14 targeted for September
00:3522, pending regulatory approval.
00:38SpaceX CFO Brett Johnson said the mission would be Starship's first revenue-generating flight.
00:43Wood's $10 trillion estimate is an extrapolation, not SpaceX guidance, while Musk has said the
00:49company could reach about $1 trillion in revenue by 2030.
00:52For all things money, visit Benzinga.com.
Comments