The bank’s so-called “bull case”–its absolute best-case scenario–puts SpaceX at a value above $200 billion. To get to that number, however, will cost about $240 billion to build out the network, Morgan Stanley says. Investors just valued SpaceX in August, when the company raised $1.9 billion in funding—at a valuation of $46 billion. “And that's not even counting the Mars and deep space stuff,” which both Anderson’s Space Capital and Morgan Stanley don’t value. For SpaceX to achieve all that Morgan Stanley broadly sketches out as possible, enthusiastic investors will still need to keep putting huge sums of money into Musk’s rocket company.

Source: Forbes October 23, 2020 16:07 UTC