SpaceX will be more valuable than Tesla: Morgan Stanley survey

The Starship prototype SN15 returns for landing on May 5, 2021 after a high-altitude flight test.


Elon Musk is one of the two largest companies, a long-term favorite of investors and experts.

Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla and see it as a more attractive investment.

Morgan Stanley analyst Adam Jonas wrote in a note on Tuesday, “Most of our clients (by survey and client discussion) believe that SpaceX may ultimately gain higher ratings and significance than even Tesla.”

Tesla has a market value of 8 858 billion. As CNBC reported earlier this month, SpaceX reached .3 100.3 billion after the sale of secondary shares.

Morgan Stanley released the survey with two questions about Musk’s company: “Which one do you think is the most attractive investment from here” and “Which ones do you think are most likely to be more valuable in the long run?”

Of the 32 answers, 63% of people surveyed by Morgan Stanley answered both questions on SpaceX.

“From our investors’ conversations, SpaceX’s perception has grown significantly with the company’s valuation in the private market, ”Jonas said.

SpaceX: “Apex Player” in space

“Investors are beginning to appreciate the potentially broader use of SpaceX’s reusable launch architecture across communications, transportation, Earth observation and other space-related domains,” Jonas said.

Jonas said SpaceX is “clearly seen” as an “apex player” in the global space industry. According to CB Insights, the sentiment shows in its upward valuation, which makes it the second most valuable private company in the world.

The company’s valuation has grown over the past few years as SpaceX has raised billions to work on two capital-intensive projects: Starship and Starlink.

Starlink is the company’s plan to build an interconnected Internet network with thousands of satellites, known as a star in the space industry. This project is designed to provide high speed internet to customers anywhere on the planet.

SpaceX has launched 1,70 Starlink satellites to date. The network has more than 100,000 users in 14 countries participating in a public beta. The service costs 99 per month.

Starship Hall is developing a large, next-generation rocket SpaceX to send cargo and people on missions to the moon and Mars. The company is testing prototypes at a facility in South Texas and has given multiple short test flights.

Reaching orbit is the next step in rocket testing. SpaceX is awaiting regulatory approval for its next launch.

Jonas added, “In our view, having access to almost unlimited sources of capital will be a very important part of the description for building a space economy.”

In a separate note Monday, Morgan Stanley added that “multiple clients” suggested that Mask could be the first trillionaire because of SpaceX.

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