ARK Invest Predicts SpaceX Valuation Reaching $2.5 Trillion by 2030

ARK Invest, in collaboration with Mach33, has developed an open-source model forecasting that SpaceX's enterprise value could reach approximately $2.5 trillion by 2030, marking a 38% compound annual growth rate from its $350 billion valuation in late 2024. This projection relies heavily on the expansion and monetization of SpaceX's Starlink satellite internet network, which currently serves over 6 million active customers in 140 countries and is expected to generate around $300 billion annually by the mid-2030s. The model presents a range of outcomes, with bearish and bullish valuations at $1.7 trillion and $3.1 trillion respectively, and anticipates significant bandwidth growth and improved satellite technologies alongside increased rocket reusability through Starship. ARK notes that while Mars colonization remains a long-term goal, most resources will focus initially on completing Starlink's constellation, with limited near-term financial returns expected from Mars-related ventures. The forecast acknowledges notable risks, including technological challenges, geopolitical factors, and the impact of Musk's interactions with the U.S. government, though President Trump has publicly affirmed support for Starlink's service. Overall, ARK’s analysis underscores SpaceX’s potential to capture a substantial share of global communications spending and to pioneer advancements in space infrastructure and robotics.