Early investors in SpaceX are strongly backing the company to become the first firm valued at $10 trillion, claiming the market has misjudged its value.

Peter Diamandis, an early investor in SpaceX and founder of the XPRIZE Foundation, told CNBC that SpaceX has the potential to become the world’s first company valued at $10 trillion in the future. The market has not yet found the right way to value SpaceX, as its space transportation, satellite internet, and future space economy initiatives could deliver far greater long-term growth potential than traditional enterprises. SpaceX’s core value stems not only from its reusable rocket business, but also from its Starlink satellite internet, upcoming lunar and Mars exploration programs, and the new economic system being built around space infrastructure. SpaceX is already one of the world’s most valuable private tech companies. As the firm expands its business from rocket launches to satellite communications and deep space exploration, investors are seeking to reassess its long-term commercial potential. Diamandis argues that traditional valuation models struggle to measure the worth of a platform company like SpaceX, which operates across aerospace, communications, and future infrastructure, meaning the market may be underestimating its future growth potential.