Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test.<\/p>\n
SpaceX<\/p>\n
Between Elon Musk's two largest companies, investors and experts have a long-term favorite.<\/p>\n
Most \"institutional investors and industry experts\" surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla and see it as a more attractive investment.<\/p>\n
\"The majority of our clients (by survey and client discussions) believe SpaceX could ultimately command a higher valuation and significance than even Tesla,\" Morgan Stanley analyst Adam Jonas wrote in a note Tuesday.<\/p>\n
Tesla has a market value of $858 billion. SpaceX reached a valuation of $100.3 billion after a secondary share sale, CNBC reported earlier this month.<\/p>\n
Morgan Stanley issued the survey about Musk's companies with two questions: \"Which do you think is a more attractive investment from here?\" and \"Which do you think has the potential to be a more valuable company over the long term?\"<\/p>\n
Out of 32 responses, 63% of those Morgan Stanley surveyed answered SpaceX to both questions.<\/p>\n
\"From our investor conversations, the sentiment on SpaceX has increased substantially along with the company's valuation in the private market,\" Jonas said.<\/p>\n
Jonas said that \"investors are beginning to appreciate the potentially wide-ranging use-cases for SpaceX's reusable launch architecture across communications, transportation, earth observation and other space-related domains.\"<\/p>\n
SpaceX is \"clearly seen\" as the \"Apex Player\" in the global space industry, Jonas said. The sentiment shows in its soaring valuation, which makes it the second-most valuable private company in the world, according to CB Insights.<\/p>\n
The company's valuation has spiked in the last few years as SpaceX has raised billions to fund work on two capital-intensive projects: Starship and Starlink.<\/p>\n
Starlink isthe company's planto build an interconnected internet networkwith thousands of satellites,known in the space industry as a constellation. The project is designed to deliver high-speed internet to consumers anywhere on the planet.<\/p>\n
SpaceX has launched 1,740 Starlink satellites to date. The networkhas more than 100,000 users in 14 countrieswho are participating in a public beta. Service is priced at $99 a month.<\/p>\n
Starship is the massive, next-generation rocketSpaceX is developing to launch cargo and people on missions to the moon and Mars. The company is testing prototypes at a facility in southern Texas and has flown multiple short test flights.<\/p>\n
Reaching orbit is the next step in testing the rocket. SpaceX is awaiting regulatory approval for its next launch.<\/p>\n
\"In our view, having access to nearly unlimited sources of capital will be an extremely important part of the narrative around building the space economy,\" Jonas added.<\/p>\n
Morgan Stanley, in a separate note Monday, also said that \"more than one client\" has suggested that Musk may become the first trillionaire, because of SpaceX.<\/p>\n
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SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds - CNBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk's two largest companies, investors and experts have a long-term favorite Continue reading