Space X investor: This year's IPO will be "the biggest wealth creation event in history," and Elon Musk is still seriously underestimated

Glonghui, February 1st｜Shaun Maguire, partner at Sequoia Capital, believes that the upcoming IPO of SpaceX will be "the healthiest wealth creation event in history," and that the company he calls "the greatest company ever" has seen its valuation soar from $36 billion in 2019 to $800 billion. This top investor, who has invested in five of Elon Musk's companies, recently stated that the market still severely underestimates Musk's value, and that SpaceX's surplus rocket capacity will give rise to space data centers, which could be "one of the largest market opportunities in history." In a podcast interview on "Sourcery with Molly O'Shea," Maguire revealed that Sequoia Capital has invested about $1.2 billion in SpaceX since 2019, and that this investment is now worth about $12 billion, achieving a tenfold return. He said that the investment decision at the time was considered "crazy" in the industry, because based on the size of the global launch market at that time, there was almost no room for SpaceX's valuation to rise, and the market valued businesses such as the Starlink satellite network and the Starship super heavy rocket at zero. Maguire pointed out that the surge in SpaceX's valuation mainly comes from four waves of evolution in the Starlink business: the consumer network has reached 9.2 million subscribers, the enterprise market covers multiple airlines, the government defense business has launched the Starshield product line, and the Direct-to-Cell mobile phone direct satellite connection service will have 6 million users by the end of 2024. He predicts that 2028 will be a key year for Direct-to-Cell, when the scale of this business may surpass that of the consumer network.