Elon Musk, chief executive of the U.S. electric vehicle corporations Tesla, claimed that the future value of his aerospace corporations SpaceX will be greater than the entirety of Earth combined.
According to the financial weekly Barron's on the 10th (local time), Musk said on X (formerly Twitter) the previous afternoon, "If we achieve our goals, the value of SpaceX will be greater than the rest of Earth combined." Barron's reported that Musk made the remark as Wall Street has issued a string of valuations following SpaceX's IPO in June.
In a radio interview, Musk also laid out a concrete goal of sending tens of thousands of people to a lunar base within the next 10 years. He said he would send astronauts to the moon within two to three years and then expand on that. He argued that, at some point, if they want to, ordinary people will be able to travel to the moon and Mars.
Musk said they would build a self-sustaining city on the moon "like Metropolis," adding that people could move there permanently or go on vacation.
Market views on SpaceX's valuation are divided. Morgan Stanley, applying a pessimistic scenario in which Starship is not in full operation even by 2029, projected the share price would fall to $75 per share. Under the optimistic scenario, it set $600 per share, with a price target of $300.
By contrast, Citi, assuming an optimistic scenario, projected a share price of $900 and a valuation of $12 trillion, or about 18 quadrillion won.
According to financial data firm FactSet, analysts' average price target was $240 per share. They expect revenue to reach $630 billion by 2031, with operating profit exceeding $340 billion in the same year.