Just days after SpaceX‘s (NASDAQ:SPCX) blockbuster public debut pushed the company’s valuation above $2 trillion, investor and French tech figure Brivael Le Pogam argued the company could eventually be worth between $30 trillion and $50 trillion within five years, a thesis Elon Musk called as “interesting.”
Le Pogam said Saturday that Wall Street is making the mistake of valuing SpaceX as a launch company and satellite internet provider rather than the infrastructure platform for an entirely new space economy.
Not Just Another Aerospace Company
Le Pogam argued that analysts focusing on launch services and Starlink are missing the larger opportunity created by Starship’s potential to dramatically reduce the cost of reaching orbit.
“It’s like valuing the internet in 1995 based on the fax market,” he said on X.
