A 10-Year SpaceX Investor Says the $2 Trillion Price Tag Is Still Too Cheap

1 week ago 11

Omor Ibne Ehsan

Fri, June 26, 2026 astatine 12:23 PM CDT 4 min read

Quick Read

Rocket Lab posted $200M Q1 gross with a grounds backlog portion Planet Labs surged 389% year-over-year, some present trading against SpaceX's $2 trillion benchmark.
Intuitive Machines holds a $6.2B Space Force declaration ceiling and Redwire's 1.92x book-to-bill awesome rising request crossed the orbital infrastructure layer.
Anderson calls SpaceX's $2 trillion valuation a level arsenic a monolithic orbital infrastructure buildout replaces hundreds of billions successful bequest systems.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SpaceX didn't marque the cut. Grab the names FREE today.

Two weeks aft the largest IPO successful past priced, SpaceX (NASDAQ:SPCX) opened astatine $1.8 trillion valuation and has drifted to astir $2 trillion, which Chad Anderson, managing spouse astatine Space Capital and a decade-long SpaceX backer, calls cheap.

Elon Musk, a Caucasian antheral with short, messy brownish hair, wearing a achromatic suit overgarment and achromatic shirt, stands outdoors holding a wide h2o bottle. He is smiling and looking somewhat to his right. Behind him is simply a grassy tract and a bluish banner that reads 'SPACEX FUTURE HOME OF SPACEX SOUTH TEXAS LAUNCH PAD' with an representation of a rocket launching. Another person's illustration is partially disposable connected the left, wearing a suit and striped tie. The entity is partially cloudy.

Speaking connected CNBC connected June 26, Anderson argued the abstraction system has been structurally underpriced for years and that SpaceX's listing yet hands the marketplace a real-money comp. "The abstraction system has been underpriced, and present we person a liquid benchmark to benchmark this class against," Anderson said.

For the 5 nationalist abstraction names below, that benchmark matters. They person traded connected faith, authorities contracts, and YouTube motorboat streams. Now they commercialized against a $2 trillion incumbent whose filings archer the remainder of the orbit what the prize looks like.

Anderson's transportation connected wherefore $2 trillion is the level

Anderson's framing is straightforward. "The accidental successful abstraction and the abstraction system wide is agelong term. This is we are successful the midst of a monolithic infrastructure physique retired cycle," helium said, pointing to hundreds of billions of bequest systems being replaced and an wholly caller furniture of AI being built retired connected top.

His money has had six portfolio companies spell public, antithetic for a assemblage specialist, and helium expects more. Whether $2 trillion is the level oregon ceiling depends connected whether Starlink, Starshield, and the AI compute deals leaked each outpouring really scale.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SpaceX didn't marque the cut. Grab the names FREE today.

What the benchmark does to the tiny caps

Rocket Lab (NASDAQ:RKLB) carries a marketplace headdress adjacent $55.4 cardinal aft a brutal stretch. It is down 40% implicit the past period yet up 136% implicit the past year.

Moreover, Q1 gross of $200.35 cardinal grew twelvemonth implicit twelvemonth with a grounds backlog. The backlog includes the $816 cardinal SDA Tranche 3 award.

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