Time to buy?21 Aug 2023 14:32
Good short investment case for the SpaceX-Wyld partnership:
Problem: The global digital divide is a major problem, with billions of people around the world lacking access to reliable and affordable internet connectivity.
Solution: The SpaceX-Wyld partnership has the potential to bridge the digital divide by providing satellite-based internet connectivity to remote and rural areas.
Market size: The global satellite internet market is expected to grow to $300 billion by 2030.
Competition: The main competitors in the satellite internet market are OneWeb, Telesat, and Viasat.
Team: The SpaceX-Wyld partnership brings together two of the most innovative companies in the space industry. SpaceX has a proven track record of success in developing and launching satellites, while Wyld Networks has a deep understanding of the IoT market.
Financials: SpaceX is a well-funded company with a strong balance sheet. Wyld Networks is a smaller company, but it has raised $3.4 million in funding to date.
Why you should consider when evaluating the investment case for the SpaceX-Wyld partnership:
The progress of the SpaceX Starlink constellation. The Starlink constellation is expected to provide high-speed internet access to millions of people around the world. The success of the Starlink constellation will be a major driver of growth for the SpaceX-Wyld partnership.
The development of the IoT market. The IoT market is expected to grow rapidly in the coming years. The growth of the IoT market will create new demand for satellite internet connectivity.
The regulatory environment for satellite internet. The regulatory environment for satellite internet is still evolving. The SpaceX-Wyld partnership will need to navigate this environment carefully in order to be successful.
Based on the information that is publicly available, it is difficult to say for certain what Wyld Networks' valuation should be after receiving $3.4 million in funding. However, a reasonable estimate would be in the range of $50 million to $100 million.
According to Crunchbase, Wyld Networks has raised a total of $3.4 million in funding over 3 rounds. The latest funding was raised on December 22, 2022, from a Post-IPO Equity round.
Seed Round: $1.2 million raised on March 17, 2020.
Series A Round: $1.5 million raised on December 16, 2021.
Post-IPO Equity Round: $1.7 million raised on December 22, 2022.
The investors in Wyld Networks include Tern PLC, Seraphim Capital, and Connect Ventures.