Ark Capital: SpaceX alone is enough to support a $2 trillion valuation with just Starlink, with an estimated valuation reaching $2.5 trillion by 2030.

According to CNBC reports, Ark Invest, led by the "female stock goddess" Cathie Wood, released a new report indicating that SpaceX's satellite internet business Starlink is experiencing rapid growth. The potential of this business alone is enough to support SpaceX reaching a valuation of nearly $2 trillion in its upcoming IPO. Additionally, with Starship reducing launch costs and the merger with xAI creating a "Orbital AI Infrastructure" vision, ARK estimates its enterprise value could reach $2.5 trillion by 2030.
(Background: Reuters: SpaceX plans to raise $75 billion at $135 per share, with a potential listing as early as mid-June (ticker SPCX))
(Additional background: Details of SpaceX's epic IPO revealed: friends and family employees receive 5% "lock-up free" stock, creating extreme scarcity with low circulating volume)

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• ARKVX heavily invests in SpaceX, optimistic about Starlink's strong profitability
• Combining xAI and Starship to build orbital AI infrastructure
• Focusing on future trajectory, valuation expected to reach $2.5 trillion by 2030

As the global space and artificial intelligence (AI) industries enter a boom period, SpaceX, the American aerospace giant,’s initial public offering (IPO) is undoubtedly one of the most watched events in the capital markets. According to CNBC’s report on June 4, 2026, Ark Invest is highly optimistic about SpaceX’s long-term development and believes that the market rumors of a valuation between $1.75 trillion and $2 trillion are entirely reasonable.

ARKVX heavily invests in SpaceX, optimistic about Starlink's strong profitability

It is understood that ARK, through its ARK Venture Fund (ARKVX), holds shares in SpaceX. As of the end of March this year, SpaceX has become the fund’s largest holding (about 17.02%), allowing investors to directly participate in its astonishing private market appreciation. ARK’s research specifically emphasizes that the adoption curve of the Starlink business has far exceeded expectations, with active users now surpassing 10 million.

It is estimated that by 2026, Starlink’s revenue will exceed $20 billion, making it not only SpaceX’s only stable profit-generating core division but also expected to capture a significant market share in the global satellite connectivity market, which could reach up to $160 billion annually. ARK states directly: “Relying solely on Starlink, SpaceX can reach a valuation of about $2 trillion at the IPO.”

Combining xAI and Starship to build orbital AI infrastructure

SpaceX has previously submitted a confidential IPO registration document, with a potential listing on Nasdaq as early as June 2026. Besides Starlink, ARK also highlights two other engines of SpaceX’s future explosive growth.

First is the successful development of the giant rocket “Starship,” which is expected to drastically reduce space launch costs from several thousand dollars per kilogram to below $100, thereby opening a new space economy market; second is the merger effect with Elon Musk’s AI company xAI, which will promote the construction of “orbital computing and AI infrastructure.” ARK believes that the development potential in this field might even surpass the current Starlink business.

Focusing on future trajectory, valuation expected to reach $2.5 trillion by 2030

Although based on an estimated revenue of $18.5 billion in 2025, SpaceX’s valuation multiple is far higher than traditional publicly listed companies, ARK emphasizes that this is not based on current profits but on strong confidence in its long-term development trajectory. According to ARK’s early predictive models, by 2030, SpaceX’s enterprise value could reach $2.5 trillion, and even higher in a bull market scenario.