Even though it wasn't the rocket's debut, "there's been a lot of anticipation" for the massive Falcon Heavy rocket's first commercial launch, said Ann Kim, a managing director at Silicon Valley Bank.
SpaceX flew Falcon Heavy flawlessly on Thursday, putting into orbit a large Saudi Arabian communications satellite. But to Kim, while the launch's execution may have been as dazzling as its maiden flight last year, the classification of Falcon Heavy's second flight made it far more important.
"To actually classify a launch as commercial, not as a test, is huge," Ann Kim, managing director of the bank's frontier technology group, told CNBC. Silicon Valley Bank is a California-based technology-focused bank, with $57 billion in assets as of the end of 2018.
"It's an inflection point," Kim added.