SpaceX Starlink Will Equal Launch Revenue in 2020 and Will Make Elon the World’s Richest Person by 2023

SpaceX has successfully deployed sixty production versions of the Starlink Satellite. They are targeting six Starlink launches through the next six months. Those six launches will place 360 Starlink satellites into orbit. The pace of Starlink launches will increase with six more launches by the end of April 2020. This will enable SpaceX to generate a lot of revenue for service to North America, Europe and Asia. The revenue will be from reducing latency in financial trading communication.

SpaceX and Elon Musk will be made financially secure by 2023 and will have the $20 billion per year budget of NASA. If Elon has a 30X on his 54% share of SpaceX, then with Elon would have 30 times $10 billion in 2024 (50% of $20 billion in 2024). This means Elon would be worth over $300 billion without including any valuation for Tesla.

If Tesla still had any financial issues, Elon would be able to lend money from SpaceX to Tesla by late 2020 or 2021. Elon used Tesla to buyout Solarcity. In 2018, financial analysts speculated that Elon could his SpaceX stake as collateral in a buyout of Tesla. If SpaceX is worth $100 billion late in 2020 and then $200 billion in 2021, Elon would easily be able to fund a Tesla buyout with his $54 billion and then $108 billion of SpaceX (versus about $15 billion today).

In capital markets, low latency is the use of algorithmic (programmed) trading to react to market events faster than the competition to increase the profitability of trades. In 2007 a large global investment bank has stated that every millisecond lost results in $100 million per year in lost opportunity.

Laser light communication in a vacuum is physically 45% faster than communication through a fiber.

SpaceX will start generating substantial revenue in 2020 equal or slightly exceeding launch revenue. This was based upon 2017 SpaceX revenue projections from a 2017 Wall Street Journal article.

More photos from last night’s Starlink launch → https://t.co/095WHX44BX pic.twitter.com/u9rnacEz6O

— SpaceX (@SpaceX) May 24, 2019

Falcon 9 launches 60 Starlink satellites to orbit – targeting up to 6 Starlink launches this year and will accelerate our cadence next year to put ~720 satellites in orbit for continuous coverage of most populated areas on Earth pic.twitter.com/HF8bCI4JQD

— SpaceX (@SpaceX) May 24, 2019

SOURCES – SpaceX, Twitter, Wall Street Journal
Written By Brian Wang, Nextbigfuture.com

Brian Wang

Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.

He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You.  He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.

He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.

He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech,  agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.