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SpaceX is still undervalued — Kyle Reidhead “It’s still undervalued based on where it’s going to be in next 12-16 months, just based on the compute alone. When you have a Starship launch combined with Starlink V3 satellites, we're looking at like a billion dollars per launch.”

56,792 views • 8 days ago •via X (Twitter)

21 Comments

Doge Tipping's profile picture
Doge Tipping8 days ago

love to see that doge on tv 🤣

ELONBOT's profile picture
ELONBOT8 days ago

Dude, you're number one after Elon!

DARIO ALTMAN's profile picture
DARIO ALTMAN8 days ago

The interesting part isn’t just the value of each launch. It’s what happens when launch cost, compute, and Starlink scale together. The real upside may be the infrastructure SpaceX can build not just the rockets it launches.

Pope Puke's profile picture
Pope Puke8 days ago

Bottom - line net profits is 0. 🖕. I’ll catch the rain in Africa…

KREEP🪬's profile picture
KREEP🪬8 days ago

Send @elonmusk this

Market Force's profile picture
Market Force8 days ago

SpaceX will become the most valuable company in the world.

Matteo Barberis's profile picture
Matteo Barberis8 days ago

A billion per launch just for *compute* is wild. And still 'undervalued' lol. Space math is different.

MrRandom's profile picture
MrRandom8 days ago

Falcon 9's entire development cost about $300M. That's under a third of one of those launches.

Macro Bombastic's profile picture
Macro Bombastic8 days ago

man i remember when a billion per launch sounded insane, now it's just tuesday

Nick From Canada 🇨🇦's profile picture
Nick From Canada 🇨🇦8 days ago

Starship launches plus Starlink V3 is a monster combo. The math on a billion a launch is hard to argue with

(A.J.M.)'s profile picture
(A.J.M.)8 days ago

It's heavily overvalued. Thats a fact. You can change the statement and quotes all you like for effect...it doesn't change reality. SpaceX has provided nothing that provides enough "profits" to justify its claimed value.

jaydeen's profile picture
jaydeen8 days ago

People are definitely missing out on the potential value

Musty Ich's profile picture
Musty Ich8 days ago

Will a Starship launch generate $1B in value? @yapwtf

Crio Songo's profile picture
Crio Songo8 days ago

Kyle确实挺敢吹,不过星舰加星链这产能拉起来,SpaceX估值还真有不小想象空间。

Napoleon Bonaparte's profile picture
Napoleon Bonaparte8 days ago

Doge on TV 😂♥️ Congrats bro ♥️

Augie_Doggie's profile picture
Augie_Doggie8 days ago

You including Star shield contracts in that SpaceX estimate of valuation .. Or is that hush hush ? Because i read those contracts alone could be as high as 110 B. ( as usual do your own homework, especially if you were unaware of the Starshield contracts)

JLT 1's profile picture
JLT 18 days ago

Since he’s launching satellites for his own company, who is paying the launch fees?

joscilene Laura's profile picture
joscilene Laura8 days ago

Doge, isso é 🔝✨ Marte nunca esteve tão pertinho. Aliás as estrelas com certeza, Starship é o futuro. 💃🪩🤪

Alan Hoa👨‍💻's profile picture
Alan Hoa👨‍💻8 days ago

SpaceX will become the most valuable company in the world.

Andrea Hatfield🩷's profile picture
Andrea Hatfield🩷8 days ago

While the market is still debating whether SpaceX 🚀is undervalued, they are already building the future of spatial computing,and this just shows that their potential is only getting started. Doge🤗 you're looking so fancy, you appeared on TV!🥰

West Coast Sentinel 🇺🇸's profile picture
West Coast Sentinel 🇺🇸8 days ago

It's heavily overvalued. Thats a fact. You can change the statement and quotes all you like for effect...it doesn't change reality. SpaceX has provided nothing that provides enough "profits" to justify its claimed value.

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I think Starlink is wildly undervalued. It’s a $1+ trillion company in the making on its own. A lot of people still think Starlink is just “internet from space,” but in reality, it’s one of the most important communications networks ever built. In 2025 alone, Starlink generated $11.4 billion in revenue, accounting for roughly 61% of SpaceX’s total revenue. It served more than 10 million customers globally and generated $4.4 billion in operating profit w/ EBITDA margins of 63%. Starlink is a cash machine. Fyi, independent analysts forecast Starlink will generate approximately $20 billion in revenue, $14 billion in EBITDA, and over $8 billion in free cash flow in 2026… plus consumer broadband will continue to expand rapidly, while aviation, maritime, Starshield, and direct-to-cell services will open entirely new markets. The real advantage is that Starlink owns the entire stack. SpaceX builds the satellites, they launch the satellites, they operate the network, and they manufacture the user terminals. No competitor comes close to that level of vertical integration…. On top of this, starship will make the story even more crazier with next-generation satellites, 100+ satellites per launch, dramatically lowering launch costs, and thousands of new satellites being deployed each year, the cost of serving additional customers continuing to fall, while the network & tech keep getting stronger. If you really want to understand why SpaceX is at a $2T valuation… start with Starlink. Starlink already generates the majority of SpaceX’s revenue, profit, and free cash flow. It helps fund Starship development, supports expansion across the company, and provides the financial engine behind SpaceX’s long-term ambitions. The bull case is based on real revenue, real profits, real customers, and a moat that gets wider every year… NOT hype. The way I see it, Starlink will become the most valuable communication company in human history and a $1 trillion valuation doesn’t sound crazy to me for this business/technology alone.

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