Musk Says SpaceX Could Be Worth 3.4 Million Times More Than Today
Updated
Updated · Yahoo Finance UK · Aug 8
Musk Says SpaceX Could Be Worth 3.4 Million Times More Than Today
3 articles · Updated · Yahoo Finance UK · Aug 8
Summary
Elon Musk said in a July post on X that SpaceX could be worth “more than the rest of Earth” if it achieves its long-term goals, implying a valuation about 3.4 million times its current level.
That claim comes as SpaceX shares have lost momentum after jumping from a $135 IPO price to a $226 peak, with the easing of lock-up restrictions now allowing longtime holders to sell stock.
Wall Street is far more restrained: 31 analysts have 12-month targets ranging from $75 to $800, with an average of $232, while the company’s first public results showed it remains unprofitable and cash-hungry.
Starlink is the clearest operating bright spot, with 12 million subscribers across 167 countries and $1.656 billion in operating profit in the quarter ended June 30.
The gap between Musk’s rhetoric and current fundamentals underscores the stock’s appeal as a long-duration bet on SpaceX’s multiplanetary ambitions rather than near-term earnings.