SpaceX (SPCX) listed in June at a $1.75 trillion market cap, while Morningstar valued it at $780 billion. In a Sept. 16 post on X, Cathie Wood and Ark analyst Sam Korus argued the stock is a deep-value opportunity, estimating that each Starship launch carrying 60 Starlink V3 satellites could generate about $1 billion in recurring annual revenue. Multiplying that by Elon Musk's goal of 10,000 Starship launches a year by 2030 yields $10 trillion in revenue. The article counters that Starship has flown only 14 times, SpaceX's total launches were 165 in 2025 and 116 as of Oct. 8, and revenue per terabit fell from $23 million in 2024 to $19 million in 2025. With a $2.2 trillion market cap, the stock trades at about 102 times trailing sales, versus 19 for Nvidia and 83 for Palantir.
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