SpaceX may be a $120 billion company if its Starlink global internet service takes off, Morgan Stanley Research predicts

The analysts shared their summary and methodology ahead of the 2nd Annual Morgan Stanley Space Summit in New York on December 10.An illustration of SpaceX's Starlink satellite internet constellation in orbit around Earth.Traditional satellite internet relies on spacecraft that are larger, older, more expensive, and about 22,236 miles away from Earth. This limits coverage, latency, and throughput.

What's more, they'll link together into a floating internet backbone, providing a faster alternative toAccording to current government documents, Starlink may consist of nearly 12,000 satellites by the end of 2027. If that happens, SpaceX may own and operate more than six times the number of all operational spacecraftThe goal is to cover Earth with high-speed, low-latency, and affordable internet access.

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