SpaceX’s $800B Valuation Play: Starlink, Starship, and the Musk Charm Offensive

Elon Musk is leveraging his cult of personality to propel SpaceX toward an $800 billion valuation—a figure that WOULD place it at 62.5 times sales, rivaling Palantir’s stratospheric multiples. The company’s secondary share sale at $421 per share, totaling $2.56 billion, underscores investor appetite for Musk’s interplanetary ambitions.

Starlink’s explosive growth, coupled with Starship’s moon and Mars roadmap, forms the Core of this bet. Musk’s recent X post—'Wouldn’t it be amazing if anyone could experience space?'—frames SpaceX as the sole architect of a future where orbital AI data centers and lunar factories exist. The playbook mirrors Tesla’s rise: retail believers first, institutions later.

Analysts now debate whether SpaceX’s combo of hard infrastructure and Musk’s vision could elevate it to Nvidia/Microsoft-tier dominance. As CFO Bret Johnsen manages the financial engineering, the real fuel remains Musk’s ability to sell dreams as investable assets.