A decade-long SpaceX backer argues the company’s $2 trillion market cap reflects a structural undervaluation of the space economy.
SpaceX’s $2 trillion valuation is being labeled as a floor by Chad Anderson, managing partner at Space Capital and a 10-year investor in the company. Anderson told CNBC the space economy has been underpriced for years, and SpaceX’s recent listing provides a liquid benchmark for the sector.
Public space companies like Rocket Lab and Planet Labs, which posted $200M in Q1 revenue and a 389% year-over-year surge, now trade against SpaceX’s valuation. Intuitive Machines and Redwire also reflect rising demand, with a $6.2B Space Force contract and a 1.92x book-to-bill ratio.
SpaceX opened at $1.8 trillion after its IPO but has since drifted to roughly $2 trillion. Anderson’s comments follow a broader shift as orbital infrastructure replaces legacy systems, with the sector gaining a real-money comp for the first time.