Private Markets, Angel and Secondary Investing, Sacra

Sacra

Bringing transparency to private markets so investors, founders, and employees can build on conviction.

Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>United Airlines, Starlink's first major global airline customer, announced last week that it is accelerating its Starlink WiFi rollout across its fleet, with ~350 regional planes (out of ~1,000 total) expected to be live by the end of 2025—a deal Sacra estimates will generate $120M/year in revenue for SpaceX.</li><li>Since picking up 10,000 users in public beta in 2021, Starlink's growth has exploded, hitting 1M users in 2022, 2.3M in 2023, and 4.6M in 2024, now generating an estimated $7.7B in revenue (up 83% YoY), or 58% of SpaceX's total estimated revenue of $14.2B.</li><li>Starlink's network of 7,000 low-earth-orbit (340 miles above Earth) satellites positions them to continue to eat market share by enabling 20-40ms high-bandwidth connections (~23x faster than Viasat's ~700ms Mbps) for watching YouTube, listening to Spotify, and FaceTiming in the air.</li></ul>

United Airlines, Starlink's first major global airline customer, announced last week that it is accelerating its Starlink WiFi rollout across its fleet, with ~350 regional planes (out of ~1,000 total) expected to be live by the end of 2025—a deal Sacra estimates will generate $120M/year in revenue for SpaceX.Since picking up 10,000 users in public beta in 2021, Starlink's growth has exploded, hitting 1M users in 2022, 2.3M in 2023, and 4.6M in 2024, now generating an estimated $7.7B in revenue (up 83% YoY), or 58% of SpaceX's total estimated revenue of $14.2B.Starlink's network of 7,000 low-earth-orbit (340 miles above Earth) satellites positions them to continue to eat market share by enabling 20-40ms high-bandwidth connections (~23x faster than Viasat's ~700ms Mbps) for watching YouTube, listening to Spotify, and FaceTiming in the air.

SpaceX

Starlink At $4.1B/year Growing 121%