Key facts
- SpaceX CEO Elon Musk predicted a valuation exceeding $100 trillion in under 10 years.
- Musk's prediction is contingent on the absence of a major world war.
- Ron Baron's estimate for SpaceX was $20 trillion to $50 trillion in 10 years.
- SpaceX secured FCC approval for 15,000 Starlink Mobile satellites.
- SpaceX stock closed down 2.80% at $152.16 on Wednesday.
Elon Musk, CEO of SpaceX, stated on Thursday that the company is likely to achieve a valuation exceeding $100 trillion in less than 10 years, provided a major world war does not occur. This projection is significantly higher than the $20 trillion to $50 trillion range estimated by billionaire investor Ron Baron, who also anticipated Starlink alone could be worth $14 trillion to $15 trillion. Musk viewed Baron's figures as too low. SpaceX recently received approval from the Federal Communications Commission to launch 15,000 next-generation Starlink Mobile satellites, which will offer substantially more bandwidth than current versions. The company's stock closed down 2.80% at $152.16 on Wednesday.