152 By 2030, Hypersonic Flight Could Be A ~$35 Billion Market, Ready To Scale To ~$350 Billion Longer Term Building Blocks Of Addressable Market Forecast According to the US Department of Transportation, leisure travelers are willing to spend 60%-90% of their estimated hourly household income Total number of airline passengers worldwide: 6.7 billion to save one hour.* 5% of flights are long-haul S Compared to conventional flights that can take 28 hours roundtrip, ARK T estimates that hypersonic flights could take just 6 hours, saving each Number of passengers on long-haul flights: ~335 million E K C traveler ~22 hours. RO 5% of passengers are first-class E L B Given the typical cost and potential time savings, ARK’s research A Number of passengers flying first-class: ~16 million S U suggests that a first-class passenger should be willing to spend $44,000 RE roundtrip for a hypersonic flight. 50% adoption at maturity If launch costs decline in line with ARK’s expectations, early adopters of Number of passengers flying hypersonic: ~8 million hypersonic flight could generate $35 billion revenue by 2030. $44,000 roundtrip ticket Starship Roundtrip Price 110kg $200/kg 2 $44,000 Annual addressable market: ~$350 billion to LEO *Forecast. Sources: ARK Investment Management LLC, 2024. This ARK forecast is based on a range of data sources, including Brycetech and Saic 2021, which may be provided upon request. Forecasts are inherently limited and cannot be relied upon. For informational purposes only and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security. Past performance is not indicative of future results.