SpaceX
Elon Musk has already “won” Mars by changing Boeing’s conversation
Boeing vs. SpaceX? Hmm.
In the Mel Brooks film, “Robin Hood: Men in Tights”, there’s an amusing scene wherein the Sheriff of Rottingham challenges Robin Hood to a duel after he and his men crash Prince John’s party. After uttering the challenge, the Sheriff proceeds to slap Robin across the face with his metro-sleek leather glove. In response, Robin picks up a heavy, metal-armored knight glove and whacks him across the face to accept.
Not a perfect metaphor, but close enough for our purposes. Credit: Web Summit, with clip art addition and filters.
I guess you see where I’m going with this. Now that I’ve introduced the topic visually…
Boeing Brings Out the (Leather) Mars Glove
When I saw headlines claiming that Boeing would “beat” SpaceX to Mars, I had two thoughts:
- Well isn’t that nice of Boeing to officially throw their hat in the ring after they helped take us to the moon? And…
- Wasn’t this the entire point of SpaceX’s push for Mars in the first place?
I definitely understand the need for competition to drive innovation among the general human population. I also certainly understand that it was the “space race” against the Soviets that took us to the moon, so overstating a competition is more PR move than reality; however, given the non-aggressive nature Elon has taken towards developing the technology to get us to the elusive red planet (i.e., more focused on getting us there than saying much about the competition), I was expecting to have missed something from SpaceX judging by the sudden grandiose claims. Did I overlook a Google Alert on something Elon said that caused Boeing to bite back?
Er, okay. Maybe Elon’s prior non-complimentary remarks on Boeing’s approach to surface landing wasn’t given or received in the most cooperative spirit. Technology designers are allowed to disagree, right? I’m sure the comment only helped fuel the fires of speculation. That, along with the fact that we are a tabloid-minded species that likes to understand the world through the lens of “us vs. them”, and we see boxing-style headlines on the Mars missions rather than the shoulder shrug, head-nod variety of mutual goal pursuit.
Alternatively, the Boeing step-up could have just been a result of their new guy (CEO/Chairman/President) at the helm. Along with an engineering background and having spent his entire career at Boeing, Dennis Muilenburg actually has some spunk. He seems like a cool dude, pretty inspired by Boeing’s history, confident in its future, and quite honestly, I wish he would don a long-haired wig and give us a Zaphod Beeblebrox number for Halloween. Seriously. Watch his recent AtlanticLIVE interview, and then watch Hitchhiker’s Guide to the Galaxy (2005). You’ll see what I mean (at 1:51 specifically). That’s got to be a winning combination, no?
[P.S. I am in no way implying that you are not allowed to have a full brain to be the head of Boeing.]
Elon Has Already “Won” Mars
In terms of accomplishment (and his own standards), Elon has already done what he set out to do with SpaceX originally. With an anticipated success rate of “less than 10%” for the company, he was already okay with the company closing up shop after a good try in the hopes that someone else would “pick up the baton”. Getting a 100-year old curmudgeon tech company on the bandwagon for interplanetary travel? That’s a “win” right there if I’ve ever seen one.
The best part about all of this Mars chatter? It’s officially moved into the zone of potential realities. Where Mars habitation was only the stuff of science fiction in the past, now “…success is one of the possible outcomes,” to quote Elon’s exact words.
Considering all the considerables (including Elon’s own mention of multiple companies heading for Mars being a good thing), there really isn’t a big race for Boeing to chomp at here. Whether SpaceX is first with Falcon Heavy or Boeing gets there with its Space Launch System, everybody wins. #teamHuman
Of course, I think having coffee shops and movie theaters for the journey is way more awesome than an oversized capsule, but until I have some $200k in pocket cash for a ticket, that’s none of my business.
Onwards.
SpaceX executed its first Falcon 9 launch since going public on June 15, a routine yet symbolically powerful Starlink mission from Vandenberg Space Force Base in California.
Liftoff of the Falcon 9 booster B1093, on its 14th flight, occurred at approximately 8:34 a.m. PDT from Space Launch Complex 4E (SLC-4E), deploying 24 Starlink V2 Mini Optimized satellites into low-Earth orbit.
The first stage successfully landed on the droneship “Of Course I Still Love You” in the Pacific Ocean, underscoring the company’s unmatched reusability track record.
Watch Falcon 9 launch 24 @Starlink satellites to orbit from California https://t.co/meDwb05qOE
— SpaceX (@SpaceX) June 15, 2026
This mission comes just three days after SpaceX’s historic IPO on June 12, which shattered records as the largest ever. The company raised $75 billion by pricing shares at $135, with trading under ticker SPCX on Nasdaq opening at $150 and closing at $160.95—a 19 percent gain—valuing SpaceX at over $2.1 trillion.
The launch highlights the seamless transition from private innovator to public powerhouse. SpaceX, founded in 2002, has revolutionized access to space with over 650 Falcon 9 flights and a massive Starlink constellation now serving millions globally.
As a public company, it faces new pressures: quarterly earnings, shareholder scrutiny, and expectations to accelerate Starship development for Mars ambitions and deeper NASA partnerships. Yet the market response signals strong confidence in its dominance, as launch costs are slashed by 95 percent, rapid satellite deployment, and a backlog of government and commercial contracts.
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Analysts view today’s flight as business as usual, but it carries extra weight. With shares volatile in early trading days, successful operations reassure investors that core capabilities remain unaffected by public status.
SpaceX now operates under heightened transparency, potentially unlocking capital for ambitious goals like Starship orbital tests and global broadband expansion.
Challenges loom, including regulatory hurdles for megaconstellations, competition in reusable rockets, and orbital debris concerns. Nevertheless, this morning’s flawless execution reinforces SpaceX’s trajectory.
As Musk often notes, the company’s mission—to make humanity multiplanetary—now aligns with Wall Street’s growth demands. The stars, it seems, are aligning for both.
Renowned investor Ron Baron, founder and CEO of Baron Capital, has once again demonstrated his unwavering faith in Elon Musk’s ventures.
Just after SpaceX’s record-breaking IPO, Baron announced he purchased an additional $1 billion in SpaceX (NASDAQ: SPCX) shares. This move pushes Baron Capital’s total holdings in the company to a staggering $25 billion in market value, underscoring one of the most successful private-to-public investment stories in recent history.
Baron’s relationship with SpaceX dates back to 2017, when his firm began investing approximately $1.75–2 billion through secondary markets and employee tender offers at valuations around $20–22 billion.
By the time of the IPO, which valued SpaceX at over $2 trillion with shares closing near $161, those early stakes had generated more than $13 billion in unrealized gains. Post-IPO, Baron’s position ballooned further, reflecting the company’s meteoric rise driven by reusable rocketry, Starlink’s global satellite internet constellation, Starshield defense applications, and ambitious plans for orbital infrastructure.
In a recent interview, Baron articulated his bullish outlook with characteristic enthusiasm.
Ron Baron said today that he bought $1 billion of @SpaceX IPO shares last Friday, and said that all of Baron Capital’s $SPCX holdings are now worth $25 billion.
“I think we’re going to make hundreds of billions of dollars; If you read the prospectus, you realize what they… pic.twitter.com/U8F471KtJS
— Sawyer Merritt (@SawyerMerritt) June 15, 2026
“I think we’re going to make hundreds of billions of dollars,” he stated, emphasizing that SpaceX’s achievements in rocketry and satellite technology are “not possible for anyone else to accomplish.” He envisions the company as a cornerstone of humanity’s multi-planetary future, potentially reaching valuations of $10–30 trillion within 10–15 years.
Baron has repeatedly affirmed he has no plans to sell, viewing SpaceX as a “lifetime investment” alongside Tesla.
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This conviction stems from SpaceX’s unparalleled execution. The company has revolutionized access to space with Falcon 9 reusability, deployed thousands of Starlink satellites, and is advancing Starship for Mars missions and point-to-point Earth transport.
Baron highlights emerging opportunities like space-based AI data centers and direct-to-cell satellite connectivity, positioning SpaceX at the forefront of a new space economy projected to generate trillions in value.
Critics may question the lofty projections amid high valuations and execution risks, but Baron’s track record speaks volumes. His Tesla holdings, initiated in the mid-2010s, have also delivered outsized returns. As one of the largest institutional holders of SpaceX pre-IPO, Baron Capital’s funds, such as Baron Partners, benefited immensely from valuation markups.
Baron’s $1 billion IPO purchase signals deep confidence in SpaceX’s post-IPO trajectory. In an era of short-term market noise, his strategy exemplifies patient capital: backing visionary leadership and transformative technology.
For investors watching the space sector, it serves as a powerful endorsement that the final frontier may indeed yield the next great wealth-creation engine. As Baron puts it, SpaceX isn’t just building rockets—it’s trying to “save humanity” by expanding our horizons beyond Earth.
Elon Musk
Elon Musk just put a $1 Trillion revenue number on SpaceX
SpaceX surged 19% on its first trading day as Musk projected $1 trillion revenue by 2030.
Just days after SpaceX stock pushed its market cap past $2 trillion on its first trading session, closing at $160.95, a 19% gain on the $135 IPO price, Elon Musk posted his own revenue projection on X that went well beyond anything Wall Street modeled. “I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk wrote, then followed up: “And I would be surprised if revenue is not greater than $1T in 2031.” That forecast sits roughly three times above the most bullish institutional estimate on the table.
Morgan Stanley, one of the lead underwriters, projects SpaceX revenue of $160 billion in 2028, $330 billion in 2030, and $3.4 trillion by 2040, with adjusted EBITDA projected to exceed $2.7 trillion at that point. Reaching those numbers from SpaceX’s $18.7 billion in 2025 revenue requires a compound annual growth rate of roughly 42%, which would outpace even Amazon’s fastest growth era. Morgan Stanley’s model places AI infrastructure as the heaviest revenue driver, projecting $190 billion from SpaceX’s AI business alone by 2030. That figure is anchored to xAI’s Grok platform and the Colossus supercomputer following the earlier merger.
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The government revenue pipeline provides a more predictable foundation under those projections. As we have previously reported, SpaceX holds at least $22 billion in cumulative federal contracts across NASA, the Space Force, the NRO, and the Space Development Agency, with 52 active contracts carrying $11.8 billion in remaining value. The NASA Artemis Human Landing System contract alone is valued at $4.04 billion, covering a second crewed lunar landing demonstration targeted for the Artemis IV mission. SpaceX is also a frontrunner for the Golden Dome missile defense shield, and the FAA has approved up to 44 Starship launches from LC-39A in 2026, setting the stage for Starship to become the backbone of both commercial and government heavy lift. Whether Musk’s $1 trillion number proves visionary or simply optimistic, the infrastructure to get there is already being funded.
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