SpaceX will be worth between $30 and $50 trillion over the next five years. That ambitious forecast was voiced by Argil co-founder Briваэль Le Pogam. The expert published a detailed post prompted by the largest stock offering in history.

SpaceX officially debuted on the Nasdaq on June 12, 2026, under the ticker SPCX. The securities closed the first trading day at the $160.95 mark. Thus the shares added almost 20% to the offering price, which was $135. The giant's market capitalization immediately reached $2.1 trillion, while trading volume exceeded 500 million shares. By capitalization, the corporation took sixth place among American companies.

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What the author says

Le Pogam's reasoning is built on several logical inferences. The first layer can be called symbolic. The author presents the IPO that has taken place as a kind of global referendum. On one hand, there had long been talk of the West's degradation, uncertainty and the redistribution of wealth. On the other hand stood a man who promises to continue humanity's path to other planets (Musk). His projects were long not taken seriously. However, the financial market ultimately voted for his development model.

The second layer of the analysis is purely economic, and it is precisely this layer that Le Pogam considers key. The analyst argues that experts are mistaken in valuing SpaceX as a simple company. Such an approach, in his view, resembles an attempt to assess the potential of the internet in 1995 by the size of the fax machine market. The author's central thesis is that the Starship spacecraft can reduce the cost of putting a kilogram of cargo into orbit not by 20%, but by a factor of 100.

Source: BeInCrypto