SpaceX's Starfall Could Open a Brand-New Revenue Stream Beyond Rockets and Starlink. Is That Enough to Change the Bull Case?
Yahoo Finance ·
In 1873, Jules Verne's novel Around the World in 80 Days became his first international success. The seemingly impossible prospect of circumnavigating the entire world in so short a timespan captured the global imagination. That's because only a few years prior, it was impossible. It was only doable thanks to three engineering feats: the completion of the Suez Canal and the U.S. transcontinental railroad in 1869, and the linking of the Indian railways in 1870. Now Elon Musk is proposing a new engineering feat that we might call Around the World in 80 Minutes . Is it a game changer for his Space Exploration Technologies ( SPCX +0.15% ) , or SpaceX? Here's the sounds-like-something-out-of-a-sci-fi-novel idea behind the "Starfall" project, and whether it bolsters the bull case for SpaceX.
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