Jonas laid out his case for what SpaceX would look like if it were to go public in the near term. His base case values the company at about $46 billion, which is on par with Tesla. His range is pretty wide, though, and spans between $5 billion and $120 billion. Most of the value of SpaceX, in Jonas' view, would come from a satellite-based broadband business. Jonas sees SpaceX launching lots of satellites into space that would blanket the globe in wireless, high-speed internet. He said that satellite broadband could represent as much as 50% of the total value of space. As the cost of getting a satellite into orbit falls, and the demand for broadband increases, it makes sense to move our internet operations skyward.
If SpaceX's plans for a global low-latency satellite internet network succeeds, it will provide all the needed capital for their Mars plans.