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SpaceX’s path to higher valuation hinges on Starship reuse, analyst says
The analyst linked SpaceX’s investment case to achieving roughly 20 to 50 flights per Starship with fast, low cost refurbishment, after which it expects lower launch costs.
SpaceX’s ability to reach a much higher market valuation depends largely on whether it can make Starship reusable at scale, according to a note from Pivotal Research Group analyst Jeffrey Wlodarczak, highlighted by Yahoo Finance.
Wlodarczak argued that a successful reuse plan could cut launch costs toward “terrestrial freight” levels by enabling around 20 to 50 flights per Starship with relatively inexpensive and quick refurbishment and redeployment.
He said the upside would extend beyond launches, including Starlink securing a material share of the wireless market and potentially requiring others to pay SpaceX for entry, but he added that those debates only matter once Starship works.
The article also points to recent trading and financial signals, noting SpaceX shares have rebounded from an Aug. 3 intraday low of $104.83 to a Sept. 4 close of $147.95, and that SpaceX reported $18.4 billion of total capital expenditures in the second quarter, well above analyst expectations of about $6 billion, while roughly 80% of sell side analysts rate the stock Buy or Strong Buy based on Yahoo Finance Alpha data.