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Fortune
Fortune
Marco Quiroz-Gutierrez

SpaceX's next-gen rocket is the key to its sky-high valuation, early investor says: 'Starship also enables all kinds of frontier markets'

SpaceX Starship Chad Anderson Elon Musk Space Capital Mars CNBC United States
(Credit: AP Photo/Eric Gay)

Elon Musk’s SpaceX is preparing for the biggest IPO in history, and its next-generation Starship vehicle may be the key to its sky-high valuation.

At 408 feet tall, the fully reusable Starship V3 looms higher than any previous version. It can carry a payload of up to 100 metric tons, a significant increase from the 35 metric tons that the V2 could carry. It also sports 33 new Raptor 3 engines that provide 18 million pounds of force at liftoff.

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