Odaily Planet Daily reports that SpaceX’s dominance in rocket launches and satellite broadband internet services was reaffirmed last December, with reports indicating that an internal stock transaction has valued the company at $800 billion. There are even speculations that Elon Musk’s aerospace company may go public this year, with a target valuation nearly double that figure. Leveraging the “Starlink” project, SpaceX has a significant first-mover advantage. The project deploys over 9,000 small satellites in low Earth orbit to provide broadband internet, offering faster and cheaper services compared to satellites in geostationary orbit. Additionally, according to Arkham monitoring data, since purchasing Bitcoin four years ago, the company still holds 8,285 BTC. (Jin10)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Prominent VC Names Dire Consequences of BTC Losing $60K - U.Today
Vinny Lingham warns the crypto market that failing to hold the $60,000 support for Bitcoin could lead to catastrophic consequences, including violent liquidations and potential systemic failures among corporate crypto holders.
UToday17m ago
Bitcoin’s First Weekly Trend Break in 2+ Years: Is BTC Done?
Bitcoin (CRYPTO: BTC) closed a weekly candle below its 200-week exponential moving average for the first time since October 2023, ending an 882-day uptrend. The break redraws the deck for long-term traders, shifting attention to on-chain cost bases and how Bitcoin has historically interacted with th
CryptoBreaking56m ago
BTC drops below 64,000 USDT
Gate News bot message, Gate market display, BTC drops below 64,000 USDT, current price 63,971.6 USDT.
CryptoRadar1h ago
Bitcoin On-Chain Activity Falls to Six-Month Low, Raising Red Flags for Traders
The crypto market woke up to a quiet but worrying signal this week. On-chain activity for Bitcoin (BTC) has been depressed for six straight months. The observation, first highlighted by CryptoQuant, isn’t just a dry statistic. Historically, stretches such as this have coincided with tougher price ac
BlockChainReporter1h ago
