Elon Musk Predicts SpaceX (SPCX) Tops $100 Trillion Within 10 Years

Musk Predicts $100 Trillion in a Decade

Elon Musk said on X on October 15 that SpaceX (SPCX) will probably clear $100 trillion in value within ten years, naming a major world war as the only condition that could stop it. The post on X answered a clip of Baron Capital founder Ron Baron forecasting as much as $50 trillion for the company. Measured against a market cap of $2.07 trillion at the October 14 close, the number in Musk's post implies roughly a 48-fold increase in under a decade. Late last year he had described a $100 trillion SpaceX only as possible, with no timeframe attached. The reply to Baron changes that: the figure now carries a ten-year window, with the war scenario as the single exception. He did not explain how the valuation would be built, and the post carried no breakdown by business line. The forecast arrived four months after the company went public in the largest IPO on record, a debut that briefly made Musk the world's first trillionaire. The listing turned Musk's stake into the core of a fortune that crossed $1 trillion for the first time. Shares peaked at $225.64 within days of listing, and the slide that followed pushed his fortune back below the trillion-dollar line, where real-time billionaire rankings still placed it as of October 13. The stock has swung hard through that entire stretch, and the fortune tied to it has circled the threshold for weeks. Baron, in the clip Musk answered, framed the question directly: can the company's value multiply many times over inside a single decade.

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Baron's $50 Trillion Case Meets Rising CDS

Baron's own case rests on Starlink and space-based computing. He expects the satellite unit to reach a valuation of $14 trillion to $15 trillion within the next decade and says it is still at a very early stage of that growth, while he sees orbital data centers as an even larger business, potentially worth several times Starlink's value. “I think it's going to be thousands of dollars a share,” he said in the interview. “I think it'll be worth $20 trillion, $30 trillion, $50 trillion. Elon thinks I'm way low. And it's now $2 trillion.” The financials published so far do not yet support much of it. Last quarter, only Starlink turned an operating profit. The AI division spent $15.8 billion on infrastructure over the same period, and SpaceX is reportedly seeking $40 billion more in debt, with Nvidia chips the stated purpose of the new borrowing. Credit markets reacted to that report: five-year credit default swaps, instruments that function as insurance against a borrower failing to repay, climbed to 194 basis points from about 110 in June. At that level, insuring $1 million of SpaceX debt costs roughly $19,400 a year. The company retains an investment-grade BBB rating, but the price of that protection has risen roughly three quarters since June. SpaceX's own IPO filing was warier about the orbital thesis than Baron is. The document describes the initiatives to develop orbital AI compute and in-orbit industrialization as “in early stages,” involving “significant technical complexity and unproven technologies” that “may not achieve commercial viability.” That language, published before the listing, sets a lower bar for the data-center business than the $50 trillion conversation implies. The upcoming Starship flight and the third-quarter results are the next scheduled tests of whether any of these plans convert into lasting revenue.

SPCX Sits Just Under 96-Score Support

The market is not pricing any of this in yet. COINOTAG data shows the stock at $149.08, down 5.29% over the past 24 hours, and it now sits just below the nearest support level, at $149.40, which our composite scoring rates 96 out of 100. The first resistance stands at $158.25, scored 75 out of 100. The 24-hour range ran from $148.50 to $157.73. In the perpetual futures market the funding rate holds at 0.0200% per interval, with open interest near $496 million, so leverage is not stretched. With the daily trend still negative, the $149.40 level at 96/100 is the one that decides whether this slide deepens or the stock stabilizes.