Peter Diamandis Expects SpaceX's Valuation to Reach $10 Trillion

Editor’s note: This story has been corrected to remove a reference to Peter Diamandis being part of the All In Podcast. The story was also edited to update SpaceX’s stock price.

Diamandis also said that SpaceX was building AI infrastructure “faster than anybody else,” also touting $28 billion in annualized recurring revenue (ARR). “Elon said they’re gonna be launching their first AI satellite in partnership with NVIDIA in 2027,” Diamandis said.

The comments come as the upper stage of a Falcon 9 rocket crashed onto the Lunar surface on Wednesday following 18 months in space. NASA said that the impact left a 60-foot-wide crater on the Moon, but reiterated that the incident posed no danger to the Earth.

Meanwhile, TV host Jim Cramer said that investors should think about where SpaceX could be in decades, rather than focusing on its short-term movement. He also said that the investment in SpaceX could pay off for investors’ children and grandchildren.

Price Action: SPCX stock was trading about 0.8% higher in the early hours of Thursday.

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X Prize Foundation’s Executive Chairman Peter Diamandis has backed Elon Musk-led Space Exploration Technologies Corp.‘s (NASDAQ:SPCX) goal of reaching $1 trillion in revenue by the year 2030, saying that the company had the potential to become a $10 trillion enterprise following its earnings call.

During an interview with CNBC on Wednesday, Diamandis, who is an early investor in SpaceX, said that Musk was building “civilizational-level” infrastructure with SpaceX, but outlined that the challenge for the commercial space flight giant is that the market “knows how to value this company,” Diamandis said.

Ross Gerber believes Tesla investors have reason to be excited for upcoming SpaceX earnings call with Elon Musk.

The investor then said that SpaceX was “four different businesses that are wrapped into a vertical.” He also outlined that Starlink would be capable of providing 1 gigabit per second internet speeds across the globe. Diamandis then highlighted SpaceX’s direct-to-device plans, which could represent roughly $600 billion in revenue potential, he said.

Dan Ives says investors may be overreacting to higher-than-expected capex spending by SpaceX.

SpaceX to launch its second-generation Direct-to-Device service in Q3 2027 and expects support from major tech companies by late 2028.