Elon Musk Predicts SpaceX Value to Surpass Entire Earth

Amid Wall Street valuations, analysts project SpaceX stock from $75 to $900 per share

Elon Musk, CEO of U.S. electric vehicle company Tesla, claimed that the future value of SpaceX, the aerospace company he founded, would surpass the combined value of the entire Earth.

According to financial weekly Barron's on July 10 (local time), Musk stated via X (formerly Twitter) the previous afternoon, "If we achieve our goals, SpaceX's value will grow larger than the rest of the planet combined." Barron's reported that Musk made this remark amid ongoing Wall Street valuations of SpaceX following its June initial public offering (IPO).

In a radio interview, Musk also revealed a concrete goal of sending tens of thousands of people to a lunar base within the next 10 years. He added that astronauts would be sent to the Moon within 2-3 years, with plans to expand operations. He argued that, at some point, anyone who wishes could travel to the Moon or Mars.

Musk stated, "We will build a self-sustaining city on the Moon, like a metropolis," where people could permanently relocate or take vacations.

Market forecasts for SpaceX's valuation are mixed. Morgan Stanley projected that under a pessimistic scenario -- where Starship does not achieve normal operations by 2029 -- the stock price could drop to 75 dollars per share. Under an optimistic scenario, it estimated 600 dollars per share, with a target price of 300 dollars.

Conversely, Citi assumed an optimistic scenario, projecting a stock price of 900 dollars, a corporate value of 12 trillion dollars, or approximately 18,000 trillion Korean won.

According to financial data provider FactSet, the average analyst target price was 240 dollars per share. Sales are expected to reach 630 billion dollars by 2031, with operating profits exceeding 340 billion dollars in the same year.