Musk Warns SpaceX’s $1.9 Trillion Valuation Faces Pain as Moon and Mars Base Spending Hits Earnings
Updated
Updated · The Motley Fool · Aug 18
Musk Warns SpaceX’s $1.9 Trillion Valuation Faces Pain as Moon and Mars Base Spending Hits Earnings
2 articles · Updated · The Motley Fool · Aug 18
Summary
$1.9 trillion SpaceX is likely to miss quarterly earnings estimates as it ramps up spending on bases on the moon and Mars, Elon Musk said in an Economist interview.
Musk framed the weaker near-term results as the cost of a long-term plan to build a “growing civilization” beyond Earth, a risk he said was already flagged in the company’s S-1 filing.
Since its June IPO, SpaceX shares have swung between $225 and $104, underscoring how heavily the stock is trading on ambition and announcements rather than current fundamentals.
That volatility leaves investors paying a price that assumes success despite years of execution risk, making near-term losses and sharp share moves more likely.