Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Cathie Wood's Ark Says Elon Musk's SpaceX Valuation Could Reach $2.5T by 2030, $12.8T by 2040

SpaceX revenue could reach as high as $300 billion annually. (Credit: Reuters)

Ark Invest CEO Cathie Wood recently reiterated her bullish forecast for Elon Musk's Tesla company, expecting the stock price to reach a staggering £1,912 ($2,600) per share in five years.

Earlier this week, Wood's firm made another bold prediction about Musk's SpaceX in a report created in collaboration with consulting firm Mach33. The report detailed that the rocket company will achieve an enterprise value of an astronomical £1.83 trillion ($2.5 trillion) by 2030.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.