Musk: SpaceX Could Be Worth More Than Earth

SpaceX CEO Elon Musk has once again articulated a bold vision for the company's future. Musk stated on social media that if SpaceX achieves its objectives, its value could exceed that of everything else on Earth.

The comments followed a query about a new computing power agreement between SpaceX and AI firm Anthropic. Detractors suggested SpaceX was directing too much capital to a competitor, sparking debate about the company's financial strategy.

Musk's projection hinges on humanity's capacity to fully harness solar energy. He posits that untapped solar power represents a vast resource, enough for SpaceX's value to surpass Earth's current Gross Domestic Product, estimated at approximately $100 trillion.

SpaceX's market valuation has seen volatility. Following its IPO, the stock price initially surged before declining. Investors have reportedly questioned the company's valuation, considering its $5 billion loss in the previous year.