tSPAX
Tokenised Economic Right (not equity) to potential future liquidity from WLTH’s (Metamasters DAO Corp) allocation in Elon Musk’s space company SpaceX. Slices are not securities of, nor endorsed by, the underlying company. They are unsecured contractual rights against WLTH (Metamasters DAO Corp). Residents of the U.S., UK, EU, and other restricted jurisdictions are ineligible. Review the full Terms & Conditions before purchasing.
Category: Aerospace / Space Exploration
Opportunity Type: Tokenised Economic Right
Reference Valuation: $470B
Company Overview
Founded in 2002 by Elon Musk, SpaceX is redefining aerospace with reusable rockets, satellite broadband, and interplanetary ambitions. The company has lowered the cost of space access by orders of magnitude, positioning itself as the dominant player in both commercial and government launch services.
Key pillars of SpaceX’s business include:
Falcon 9 & Falcon Heavy → Proven reusable rocket technology.
Starship → A fully reusable heavy-lift launch vehicle designed for Mars colonization.
Starlink → The world’s largest satellite broadband constellation, already serving millions globally.
Government & Commercial Contracts → Billions in NASA, DoD, and private sector deals.
The Problem
Traditional aerospace providers (Boeing, Lockheed Martin, ArianeGroup) suffer from high costs and slow innovation.
Global demand for broadband connectivity leaves billions underserved.
Governments face mounting costs for deep-space exploration, requiring efficient private-sector solutions.
The Solution
Reusable Rockets → Falcon 9 & Falcon Heavy slash launch costs with rapid reusability.
Starlink → Scalable satellite broadband network delivering global internet coverage, including rural and remote regions.
Starship → Designed to carry massive payloads and humans to the Moon, Mars, and beyond
Hybrid Revenue Model → Diversified across launches, consumer internet, and government contracts.
Market Opportunity
Global space economy projected to surpass $1 trillion by 2030.
Satellite broadband market expected to exceed $100B by 2030.
SpaceX dominates launch volume, capturing ~60% of the global commercial market.
Starlink adoption provides recurring, subscription-based revenue.
Traction & Validation
Launch Dominance: 90+ successful launches in 2023, leading the industry.
Starlink Subscribers: Over 6M paying users worldwide.
Revenue: Estimated $5B+ annualized run-rate from Starlink subscriptions.
Government Partnerships: NASA Commercial Crew, Artemis lunar program, U.S. Department of Defense.
Intellectual Property & Strategic Assets
Proprietary reusable rocket designs (Falcon 9, Falcon Heavy, Starship).
Largest operational low Earth orbit (LEO) satellite constellation.
Vertically integrated design, manufacturing, and launch operations.
Exclusive launch data and IP built over two decades of operations.
Business Model & Financial Highlights
Launch Services: Commercial and government payload launches (recurring multi-billion contracts).
Starlink: Monthly consumer subscriptions ($120 average ARPU, growing user base).
Defense & Government: Secure launch and comms services for U.S. and allied governments.
Future Growth: Starship commercial cargo and crewed missions, lunar landers, and Mars colonization.
Financials: $5B+ Starlink run-rate revenue, with significant upside from Starship commercialization.
Competitor Analysis
Company
Focus
Stage
Revenue
SpaceX
Reusable rockets, Starlink, Starship
Late-stage private
$13.1 billion in 2024 (estimated)
Boeing (ULA)
Traditional aerospace launches
Public
~$66.5 billion total revenue in 2024
Blue Origin
New Glenn (development)
Private
~$4.2 billion (estimate)
OneWeb
Satellite internet
Private
~USD $1.44 billion
Team
Elon Musk — Founder & CEO (Tesla, Neuralink, xAI, ex-PayPal).
Gwynne Shotwell — President & COO (scaled SpaceX from startup to profitability).
Key Talent: Engineers and executives from NASA, Lockheed Martin, Boeing, and top global aerospace programs.
Disclaimer
No affiliation — nominative reference only.
The underlying company is entirely unaffiliated with this offering, with Metamasters DAO Corp, and with the associated Slices. Specifically:
No endorsement or authorisation. The underlying company has not reviewed, approved, authorised, endorsed, sponsored, or consented to any aspect of this token, marketing material, or structure.
No participation or cooperation. The underlying company and its officers, directors, shareholders, and employees are not involved—directly or indirectly—in structuring, issuing, marketing, managing, servicing, or redeeming the Slices.
No contractual or economic relationship. Purchasing a Slice does not give you any equity, debt, contractual claim, option, warrant, or other right against the underlying company. Your sole counter-party is WLTH.
No obligations on the underlying company. It owes you no fiduciary duty, payment, or disclosure and will have no liability to you in connection with your purchase.
No effect on the underlying company’s securities. Issuing Slices does not affect its capitalisation, shareholder base, voting power, or governance.
Trademark usage. Any mention of the underlying company’s name is strictly nominative. WLTH claims no ownership and implies no sponsorship.
Information limitations. All company-related data herein are drawn from public sources WLTH believes to be reliable.
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