A striking prediction is circulating on Wall Street: Elon Musk's SpaceX could one day be worth more than Nvidia, the chipmaker that currently ranks as the world's most valuable company.
According to coverage from The Motley Fool (syndicated by Yahoo Finance and The Globe and Mail), some analysts believe SpaceX's rapid rise has drawn direct comparisons to Nvidia, and a few have gone further, suggesting the rocket and satellite company could eventually surpass it in long-term valuation. Nvidia, which trades under the ticker NVDA, became the market's most valuable business largely on the back of demand for the chips that power artificial intelligence.
The enthusiasm is tied in part to SpaceX's growing push into AI. According to a report carried by The Globe and Mail, SpaceX has spent $60 billion on artificial intelligence, prompting the question of whether Musk is building "the next Amazon" — a reference to a company that started in one business and expanded into a sprawling, dominant platform.
It's worth keeping perspective. These are analyst projections about the future, not current market values. SpaceX is privately held, so it doesn't trade on a public exchange the way Nvidia does, and its worth is set through private funding rounds rather than daily stock prices. Predictions that one company will overtake another "in the long term" are inherently speculative and depend on assumptions that may not pan out.
Still, the sheer fact that seasoned investors are even drawing the comparison signals how much expectation is now packed into both Musk's space ambitions and the broader AI boom.
Why it matters: the chatter shows how investors increasingly view space and artificial intelligence as the next frontier of trillion-dollar value — and how much faith the market is placing in Elon Musk to deliver it.