O que justifica um valuation de mais de US$ 2 trilhões para a SpaceX?

A estreia da SpaceX na Nasdaq colocou a companhia de Elon Musk em um grupo extremamente seleto de empresas globais.

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Impulsionadas pelo interesse dos investidores, as ações da empresa avançaram 24% nas primeiras horas, elevando o valor de mercado para mais de US$ 2 trilhões.

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O principal fator por trás do valuation é a combinação entre serviços de lançamento, contratos governamentais e o crescimento acelerado da Starlink.

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Diferentemente dos lançamentos espaciais, que dependem de contratos específicos, a Starlink gera receitas contínuas por meio de assinaturas.

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Outro fator relevante para o valuation é a posição dominante da SpaceX na indústria espacial. Para investidores, essa liderança é importante para novos concorrentes.

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O mercado também atribui valor aos projetos que ainda não geram receitas. Entre eles está o desenvolvimento de sistemas voltados para missões à Lua e Marte.

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A oferta pública inicial movimentou US$ 75 bilhões e entrou para a história como uma das maiores operações já realizadas no mercado financeiro.

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