Elon Musk says SpaceX could one day be worth vastly more than Earth's economy. Here's what that would take.
Elon Musk is known for making outlandish predictions. Chip Somodevilla/Getty Images Elon Musk says SpaceX could be worth "orders of magnitude" more than the entire global economy. That implies a $12 quadrillion-plus valuation, or roughly 5,500 times SpaceX's current market cap. One analyst called the post "classic Musk hype and theatre," and others flagged the costs involved. Elon Musk is known for having planet-sized ambitions , and his latest pronouncement lives up to that billing. "This will sound super crazy, but I see a path to SpaceX being worth orders of magnitude more than the current Earth economy," the Tesla and SpaceX CEO wrote in a Thursday post on X. The International Monetary Fund projected in April that the total value of world output, measured at market exchange rates, would hit $126 trillion this year. SpaceX had a $2.2 trillion market capitalization at Thursday's close, meaning the global economy is worth roughly 57 times more....
