In February of 2021, SpaceX was valued at $74 billion, and shares were worth $419 each; the company had gained 60% in valuation since August 2020.
Revenue streams for SpaceX will be coming from Starlink, their satellite-based internet service, and an increase in the number of launches this year, which could grow their valuation by around $1.6 billion.
Other income streams for SpaceX have been multiple contracts awarded from the US Department of Defence and NASA.
This outsourcing of government contracts to private enterprise-funded programs like SpaceX has increased.
Future projects like space travel and point-to-point transfer are on their horizons to increase revenue in the medium to long term.
Is SpaceX launching an IPO?
SpaceX is a privately owned company, and to date, there are no plans to go public. Elon Musk holds 54% of SpaceX shares and 78% of voting rights.
The benefit for SpaceX to remain private is that they avoid government restrictions which organizations like NASA have to follow—resulting in them developing and testing equipment at a faster pace.
Another reason that Musk will not do an IPO for SpaceX is because they are getting lucrative government contracts and outsourcing from NASA, something that might disappear if they go public.
In addition, interference from the government in their programs is another consideration as this will halter their progress.
SpaceX impact on crypto markets
SpaceX announced that they will be accepting Dogecoin as a form of payment in 2021 and plan to launch a “DOGE-1 Mission to the Moon” next year. In a recent tweet, Musk said he will not sell his Dogecoin; this caused Dogecoin’s value to increase by 11%.
Musk’s affinity to cryptocurrencies is causing reactions in the crypto markets.
To keep up with the evolving crypto markets, brokers have to innovate their offerings. Therefore, you need a broker who allows you to trade cryptocurrencies and is up to date with the latest coin offerings.
Dripcoin is a cryptocurrency broker that allows you to trade a vast number of digital assets. Their priority is to keep your funds safe and secure, and your information private.
Dripcoin allows trading via their online trading platform, accessible through a browser with an internet connection.
They do not have a downloadable application on the forum. They have designed the platform with multiple charts to monitor assets and cutting-edge tools.
Dripcoin’s support staff is available for queries five days a week, and you can reach them via email; they do not have a live chat service available, but are quick to answer via their direct messaging service.
They offer educational support in the form of an informative blog section and a glossary with comprehensive trading-related terminology explanations.
Their withdrawal policy outlines the steps to follow when requesting a withdrawal. They have multiple payment options like crypto wallets, wire transfers, and credit cards. They process withdrawals in 10 to 14 days.
SpaceX is changing the future of space exploration at an accelerated pace, and they seem to have no intention to go public anytime soon.
Elon Musk also has a significant impact on the crypto markets, and we are waiting in high anticipation to see what his following tweet will be.
Meanwhile, you can prepare yourself by signing up with Dripcoin and taking advantage of their crypto trading offerings.