Cathie Wood’s ARK sees $2.5 trillion valuation for SpaceX by 2030

Cathie Wood raises both her hands as she talks during a television interview. (Credit: Jose Sarmento Matos—Bloomberg/Getty Images)

• Elon Musk’s goal of establishing human colonies on Mars depends on the company first building out its satellite-internet network, Starlink, ARK Invest researchers explained in a Tuesday note. SpaceX is the biggest holding in the firm’s ARK Venture Fund, making up over 13% of its portfolio. 

SpaceX will eventually go “all in” on Elon Musk’s goal of colonizing Mars, according to the firm of famed tech investor Cathie Wood. Before that’s possible, however, ARK Invest believes building out satellite-internet network Starlink will propel SpaceX to a $2.5 trillion valuation by the end of the decade.