"This Will Sound Super Crazy": Elon Musk Makes Wild Prediction About What SpaceX Could Be Worth
Musk said the rocket company could be worth orders of magnitude more than the current Earth economy, but gave no valuation target or timetable.
- On Thursday, SpaceX founder Elon Musk posted on X that he sees a path for the company to be worth "orders of magnitude more than the current Earth economy."
- Musk previously floated this idea to SpaceX investors in July, when reports described the goal as a "startling claim" linked to plans to "Harvest the Sun."
- SpaceX shares traded at $162.22 on Thursday, down 3.21% for the session, though the stock has risen 9.65% over the past month and 7.53% over the past week.
- The post did not include a specific valuation, financial breakdown, or timetable to support the prediction, leaving the scale of the ambition unclear to investors.
- Achieving such scale depends on technical progress and operating costs for systems like Starship, and financial experts note that company valuations and global GDP are not directly comparable.
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'This Will Sound Super Crazy': Elon Musk Makes a Wild Prediction About What SpaceX Could Be Worth
Elon Musk has suggested SpaceX could eventually be worth orders of magnitude more than the global economy, but provided no valuation, timetable or evidence to support the prediction.
The founder of SpaceX, Ilon Mask, stated that he would accept a scenario in which his private aerospace firm would cost more than the current world economy. "It would sound completely crazy, but I see a way in which the cost of SpaceX would exceed the current economy of the Earth," wrote H. The entrepreneur did not disclose through which projects he expected to achieve such an estimate of SpaceX, limiting himself to mentioning the scenario itsel…
"This Will Sound Super Crazy": Elon Musk Makes Wild Prediction About What SpaceX Could Be Worth
Elon Musk just expanded a claim he made to SpaceX investors this summer, and the new version is significantly larger. There is also a contradiction buried in his past statements that he has never resolved.
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Crypto BriefingMusk suggests SpaceX could hit $1 quadrillion valuation, merger speculation rises
Market speculation intensifies, potentially impacting investor behavior and market dynamics, as merger rumors between Tesla and SpaceX swirl. The post Musk suggests SpaceX could hit $1 quadrillion valuation, merger speculation rises appeared first on Crypto Briefing .
Elon Musk sees a path to making SpaceX worth orders of magnitude more than the current global economy. The move on X reflects his ambitions for the space company, which is now also taking steps towards becoming a major mobile operator in the US. In a post on X on October 8, Musk describes a future where SpaceX's value far exceeds the size of the current global economy. "This is going to sound crazy, but I see a path to making SpaceX worth orders…
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