Musk Says SpaceX Likely Worth $100 Trillion Within 10 Years Unless a Major World War Breaks

Elon Musk has said SpaceX will probably be worth more than $100 trillion within 10 years, with a major world war the only caveat. He posted that view on X on October 15. The figure is roughly 48 times the company’s $2.07 trillion market value at its October 14 close.

Musk's comment answered a clip in which Baron Capital founder Ron Baron predicted a valuation as high as $50 trillion. Late last year, Musk had called a $100 trillion SpaceX merely “possible.”

Unless there is a major world war, SpaceX probably gets to >$100T in <10 years

— Elon Musk (@elonmusk) October 15, 2026

Starlink and Orbital Data Centers Are the Pillars of Ron Baron's $50 Trillion Case

The forecast came up during a Columbia Business School interview.

“I think it’s going to be thousands of dollars a share. I think it’ll be worth $20 trillion, $30 trillion, $50 trillion. Elon thinks I’m way low. And it’s now $2 trillion,” he said.

Baron expects Starlink's value to land at $14 trillion to $15 trillion within the next decade, adding that this growth is still in its earliest stages. He also sees data centers in orbit as an even larger opportunity, one potentially worth several times more than Starlink.

Is SpaceX's Turbulent Share Price Compatible With a $100 Trillion Goal?

SpaceX shares have swung sharply over the four months since its record-breaking IPO. The listing briefly made Musk the world's first trillionaire.

Within days the stock peaked at $225.64, but a subsequent decline soon took Musk's fortune back under the $1 trillion mark. Forbes says his wealth has stayed near that line since, falling below it again on October 13.

The company's financial statements, meanwhile, show Starlink as the only division that made an operating profit last quarter. In that same quarter, the AI division spent $15.8 billion on infrastructure. To fund that buildout, SpaceX is said to be seeking an additional $40 billion in debt to pay for Nvidia chips.

After that report, SpaceX's credit default swaps — essentially insurance against a borrower failing to repay — jumped. The FT reported that five-year contracts had climbed to 194 basis points from about 110 in June.

At that level, protecting $1 million of SpaceX debt costs roughly $19,400 a year. The company is still rated BBB, an investment-grade rating.

SpaceX's own IPO filing, moreover, took a more cautious line on Baron's orbital data center thesis.

“Our initiatives to develop orbital AI compute and in-orbit, lunar, and interplanetary industrialization are in early stages, involve significant technical complexity and unproven technologies, and may not achieve commercial viability,” the filing read.

Whether SpaceX can justify a $100 trillion valuation will come down to converting those plans into sustained revenue. It also has to bring rising infrastructure costs under control. The next clues could arrive with its upcoming Starship flight and third-quarter results.