"SpaceX Will Be More Valuable Than the Entire Earth"... Musk's Bold Claim Draws a $18 Trillion Response From Wall Street

[Financial News]  Elon Musk, the world's richest person, has made an unprecedented claim about the future value of SpaceX, the aerospace company he founded, saying it could surpass the economic value of the entire Earth. Wall Street is also heating up over SpaceX, which has successfully entered the U.S. stock market through the largest initial public offering in history.
According to foreign media including Barron's on the 10th local time, Musk said on his social media platform X the previous afternoon, "If SpaceX achieves its goals, its value will become greater than the rest of Earth combined."
In a previous radio interview, he also laid out a concrete roadmap to send tens of thousands of people to a lunar base within the next 10 years. He said the plan would begin with landing astronauts on the Moon within two to three years, then expand regular flights so that ordinary people can travel freely between the Moon and Mars. Musk did not hide his ambition to build a space colony, saying, "We will establish a self-sustaining city on the Moon so that permanent relocation or long-term stays will be possible."
This is not the first time Musk has made such bold predictions about the future of his companies. In 2022, he also claimed that Tesla's value would exceed the combined market capitalization of Apple and Saudi Aramco, or $4.4 trillion. Although Tesla's current valuation remains around $1.8 trillion and has fallen short of that claim, Musk's daring vision has repeatedly shaken the market.
In financial markets, debate continues over the future direction of SpaceX's stock price.
According to FactSet, the average analyst price target stands at $240 per share. The figure is based on quantitative estimates that SpaceX will surpass $630 billion in revenue and $340 billion in operating profit by 2031.
Forecasts from global investment banks vary even more sharply depending on the scenario.
Under an optimistic scenario, Citigroup said SpaceX shares could surge to $900, pushing the company's valuation to as much as $12 trillion, or about 18 quadrillion won. By contrast, Morgan Stanley took a cautious stance, saying that if the full-scale operation of its key spacecraft, Starship, is delayed, the stock could fall to $75.


jsi@fnnews.com Jeon Sang-il Reporter