Key Takeaways Elon Musk declared on X that SpaceX’s value could exceed “the rest of Earth” if the company realizes its objectives Following its historic June 12 IPO at $135 that generated $86
Elon Musk delivered his most audacious valuation forecast yet Thursday evening, declaring on X that SpaceX’s worth will surpass “the rest of Earth” should the aerospace company achieve its ambitious objectives.
You don’t seem to understand that SpaceX will be worth more than the rest of Earth if we accomplish our goals
— Elon Musk (@elonmusk) July 9, 2026
Musk’s statement emerged during a discussion about a reportedly contentious arrangement involving Anthropic, xAI, and SpaceX centered on artificial intelligence computing resources. An X platform user characterized the partnership as potentially “the biggest unforced error of the AI era” for Anthropic. Musk redirected the dialogue toward SpaceX’s expansive long-term vision.
Premarket trading Friday saw SpaceX shares (SPCX) at $149.96, representing a 1.5% decline. Meanwhile, S&P 500 futures remained unchanged while Dow futures advanced 0.2%.
Space Exploration Technologies Corp., SPCX
This isn’t Musk’s inaugural venture into hyperbolic forecasting. During 2022, he projected Tesla’s market capitalization could exceed the combined worth of Apple and Saudi Aramco — companies collectively valued at approximately $4.4 trillion then. Tesla’s current market cap hovers around $1.8 trillion.
Musk frequently invokes the Kardashev Scale, a scientific framework categorizing civilizations based on their energy utilization capacity. His ultimate aspiration involves humanity capturing solar energy at planetary scales — vastly exceeding capabilities of Earth-based enterprises.
SpaceX launched its public offering June 12 at $135 per share, securing $86 billion in history’s most substantial IPO. Trading commenced at $150 and skyrocketed 50% to reach $225.64 on June 16, momentarily propelling the company’s market capitalization toward $3 trillion.
The euphoria proved temporary. Investor anxiety regarding bond issuance, substantial Terafab data center capital expenditures, and approaching insider share lockup expirations pressured the stock significantly. SPCX tumbled 26% from its zenith, bottoming at $145.20, before finding support around $152.
July 7 marked SpaceX’s inclusion in the Nasdaq-100 index, generating approximately $4.3 billion in passive investment flows as index-tracking funds acquired positions.
Over a dozen financial analysts published initial coverage following the public debut. The variance in price targets reveals divergent perspectives. Raymond James established the highest target at $800. Citi’s bullish scenario extends to $900, suggesting a potential $12 trillion valuation. Morgan Stanley positions its base case at $300, with optimistic and pessimistic scenarios at $600 and $75 respectively — the latter assuming Starship operational delays until 2029.
According to FactSet data, the consensus analyst price target approximates $240.
Wall Street forecasts indicate SpaceX generating revenues exceeding $630 billion by 2031, climbing from roughly $39 billion anticipated in 2026. Operating profitability is projected to surpass $340 billion by 2031, compared with approximately $1 billion in the current year.
Achieving this trajectory demands substantial capital infusion. Financial analysts calculate SpaceX requiring roughly $150 billion in supplementary financing throughout 2026-2031 to construct its orbital artificial intelligence infrastructure.
Regarding revenue generation, Anthropic currently compensates SpaceX $1.25 billion monthly for Colossus 1 AI supercluster access — encompassing over 220,000 NVIDIA GPUs and 300 MW power capacity — through an agreement potentially totaling $30 to $40 billion.
SpaceX simultaneously completed its 80th Falcon 9 launch this week, maintaining its aggressive satellite deployment schedule.
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