Musk Says SpaceX’s $28.5 Trillion Market Estimate Is Too Low

Elon Musk says SpaceX’s estimated total addressable market is significantly larger than the figure the company disclosed in its initial public offering filings. He did not provide a revised estimate.

SpaceX’s filings put the market at $28.5 trillion, according to Wccftech. Musk said in a social media post that the actual figure is “vastly higher.”

The company began as a launch services provider and later expanded into internet services. It has also presented itself as a provider of AI computing services, describing a multi-trillion-dollar market opportunity.

The source does not specify when the filings were made or give further details behind Musk’s claim. The $28.5 trillion figure remains the disclosed estimate; the higher figure is Musk’s assertion, not a newly quantified market valuation.