SpaceX Valued At $120 Billion By Morgan Stanley Due To Starlink

SpaceX Valued At $120 Billion By Morgan Stanley Due To Starlink

5 years ago
Anonymous $MUlyiGRWxa

https://wccftech.com/spacex-morgan-stanley-120-billion/

After NASA lost the space shuttle program, things started to look bleak for the US’ space prospects. The alternative to the Shuttle was the Russian Soyuz launch vehicles for ferrying astronauts to and from the International Space Station. Soyuz cost the agency $441 million for a seven astronaut flight. SpaceX’s Dragon capsule, on the other hand, promises to cut this to one-third, or approximately $140 million.

However, reducing costs of cargo and astronaut transportation aren’t Elon Musk’s only goals. SpaceX’s CEO also intends to create a space-based internet in order to improve accessibility and bring down costs. The project is dubbed Starlink and it’s one of Musk’s most ambitious plans – except for the Mars mission.

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