Another milestone for Elon Musk SpaceX as Starship blasted off this morning from

Starbase in South Texas and traveled to space. Thry. 2 3. 1 2.

Star ship, the most powerful rocket ever built, reached orbital velocity and carried out a number

of ambitious tests in flight, demonstrating new techniques that will be crucial

to future Moon and Mars missions.

But just before its planned splash down,

the spacecraft was lost, breaking up over the Indian Ocean on reentry.

NASA's administrator called it a quote,

successful test flight.

An early SpaceX investor, Chad Anderson,

the founder a managing partner of space capital, says Starship isn't even factoring

into how investors are assessing SpaceX, which at a $180 billion valuation is one of the world's

most valuable private companies.

Investors are discounting the market for Starship really back to zero.

But as this vehicle comes online, I think that that could actually result in a

doubling of the valuation of the company. If you look at what Starship is

expected to do they will bring the cost down by another order of magnitude and accelerate innovation in all these areas.

It's going to completely change the space economy as we know it today.

It's going to accelerate growth in existing markets. It's going to enable entirely new ones.

Anderson notes that this playbook has played out before with SpaceX's Falcon 9, which opened access to orbit and

created the market conditions for entrepreneurs

to build out a space economy. Private investment in private space companies

...