SPCXB Holds Near $150 as Musk Says SpaceX Will Outvalue Earth

SPCXB News

SpaceX chief Elon Musk reignited investor debate this week with a blunt forecast that SpaceX (SPCXB) will one day be worth more than the rest of Earth combined. Writing on X, Musk argued the rocket maker would eclipse global economic output if it delivers on orbital manufacturing, asteroid mining and Mars colonization. He traced the thesis to a January 2026 post claiming space industries will vastly exceed the value of all terrestrial assets, powered chiefly by solar energy. Humanity, he estimates, could eventually harness roughly 100,000 times more solar power than it consumes today, while tapping less than one-millionth of the Sun’s total output across the solar system.

For all the cosmic ambition, SPCXB has cooled sharply from its peak. The underlying SpaceX equity trades near $153 with a market capitalization close to $2 trillion, yet it has retreated roughly 32% from the June all-time high of $225. That correction reset expectations after a euphoric post-listing run and dragged the tokenized asset into a technical bear market, even as long-term bulls hold firm. Our reading of the tape shows selling pressure concentrated near prior highs, with each rebound attempt so far failing to reclaim the psychologically important $200 zone that defined the summer rally.

Wall Street has moved to productize anti-Musk sentiment directly. Asset manager Subversive filed with the SEC for two exchange-traded funds — QQNE, tracking the Nasdaq 100, and SPNE, tracking the S&P 500 — that replicate their benchmarks but deliberately strip out any company founded, controlled or led by Musk. In practice that excludes both Tesla and SpaceX. The filing, submitted on July 8, cites corporate-governance concerns, political risk and extreme share-price volatility as its rationale, with trading slated to begin September 21. It marks a rare case of an index product built around removing a single individual’s companies from investor portfolios entirely.

The catalyst behind those exclusion funds is SPCXB’s parent joining the Nasdaq 100. SpaceX completed a historic initial public offering in June and was formally added to the benchmark index this week, forcing every passive Nasdaq 100 fund holder to carry indirect exposure to Musk whether they wanted it or not. That mechanical inclusion is precisely what Subversive is marketing against: investors who previously avoided the stock by hand-picking holdings now find it embedded in core index products. The move underscores how quickly SpaceX has shifted from a private venture to a systemically weighted public constituent in barely a month.

Not everyone is trimming exposure. Baron Capital founder Ron Baron has leaned aggressively into the story, disclosing a SpaceX position exceeding $15 billion — his firm’s single largest holding — and adding a further $1 billion order at the June IPO. Baron has said publicly he does not intend to sell a single share in his lifetime, describing Musk as a generational figure. He projects SpaceX could reach a $10 trillion to $30 trillion valuation within a decade, potentially becoming the largest company on Earth, and separately sees Tesla approaching roughly $8.3 trillion. Those targets frame the bull case underpinning SPCXB demand.

The conviction extends across marquee investors. PayPal co-founder Peter Thiel has long cautioned that shorting Musk is dangerous, arguing he repeatedly achieves near-impossible feats in finance and engineering. Even Warren Buffett and the late Charlie Munger, who never bought into Musk’s ventures, have said they would not bet against him. One analyst went further, publicly calling SpaceX the world’s first $10 trillion company. For SPCXB holders — many trading the token across automated market maker pools — that chorus matters: the premium rests heavily on the market pricing in exponential, multi-decade upside rather than current fundamentals.

COINOTAG’s proprietary 42-indicator composite S/R scoring engine frames SPCXB’s near-term battleground with precision. Our engine rates the $155.13 resistance at 75/100, driven by the confluence of the R3 pivot, a Fibonacci 0.114 retracement and the prior-day high, while the $150.39 band scores 69/100 on LVN and R1 alignment — the exact ceiling capping spot at $150.43. Beneath price, the $145.62 support earns a strong 81/100 from S3, Fibonacci 0.000 and the Donchian lower band. With RSI at 42.2 and a confirmed downtrend — a setup AI trading bot strategies read as continuation — and a market-wide Fear & Greed reading of 23 (Extreme Fear), momentum leans bearish. A daily close above $155.13 flips the bias bullish; losing $145.62 exposes the $122 shelf.