What Happened
Next-Gen Rocket Enables Frontier Markets and Orbital Ambitions
SpaceX’s next-generation Starship rocket is a crucial factor in the company’s high valuation, according to early investor Chad Anderson. The rocket enables various businesses, including satellite internet and orbital data centers, and has a payload capacity of up to 100 metric tons. SpaceX plans to put 42,000 satellites in low Earth orbit, which will help connect hundreds of millions of mobile users to its satellite network. The company’s IPO filing showed that Elon Musk would receive additional shares if he puts data centers in orbit and builds a Mars colony, as reported by Fortune.