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Cathie Wood’s Ark Invest projects that SpaceX will reach a $2.5 trillion valuation by 2030, indicating a 38% annualized return from its current $350 billion valuation. The forecast hinges on completing Starlink’s satellite constellation, which currently has 7,600 satellites in orbit with plans to expand to 42,000 by 2035.
ARK’s valuation model, developed with space research firm Mach33, estimates that Starlink could generate $300 billion in annual revenue and capture 15% of global communications spending. This revenue would rival Apple’s (AAPL) current $391 billion in sales, highlighting the massive scale of the opportunity.