TLDR
- ARK Invest values SpaceX at $2.5 trillion by 2030, up from $350 billion today, with projected revenues of $200 billion mostly from Starlink and Starshield
- Tesla robotaxi service could launch June 22, with Musk calling it “tentative” while emphasizing safety concerns
- Tesla stock rose 5.7% Tuesday and another 1.6% Wednesday morning following robotaxi developments and driverless Model Y sightings in Austin
- ARK projects SpaceX Mars assets worth $1 billion by 2030, potentially reaching $1 trillion by 2040
- Tesla shares have gained 37% since April earnings when management confirmed June robotaxi timeline
Tesla stock climbed 1.6% in early Wednesday trading after CEO Elon Musk announced the company’s robotaxi service could begin June 22. The announcement came just one day after shares jumped 5.7% on Tuesday.
Musk called the launch date “tentative” in a post on X. He stressed the company is “being super paranoid about safety, so the date could shift.”
Tentatively, June 22.
We are being super paranoid about safety, so the date could shift.
First Tesla that drives itself from factory end of line all the way to a customer house is June 28.
— Elon Musk (@elonmusk) June 11, 2025
The robotaxi momentum built Tuesday when a video surfaced showing a driverless Tesla Model Y navigating Austin streets. The vehicle appeared to operate without a paying passenger, but demonstrated the service’s readiness.
Tesla stock has surged 37% since the company’s late April earnings call. Management confirmed then that the robotaxi launch remained on schedule for June.
The electric vehicle maker’s shares traded at $331.21 Wednesday morning. That puts Tesla closer to the $344 level it held before last week’s social media dispute between Musk and President Trump caused a 17% two-day decline.
Musk also announced that a Tesla will drive itself from the factory to a customer’s house for the first time on June 28. This milestone would mark another step in the company’s autonomous driving progress.
Analyst Optimism Despite Risks
Piper Sandler analyst Alexander Potter expects Tesla stock to maintain upward momentum. He wrote that more information disclosure should support the stock in coming weeks.
Potter maintains a Buy rating with a $400 price target. However, he warned that “high-profile robo-taxi accidents” could trigger violent downside moves.
The analyst noted car prices rose 1% year-over-year in May according to Kelly Blue Book. High car prices might eventually push consumers toward robotaxis instead of vehicle purchases.
Currently, 47% of analysts covering Tesla rate shares as Buy. The average analyst price target sits around $308 per share.
ARK’s Space Ambitions
Meanwhile, Cathie Wood’s ARK Invest released eye-popping valuations for Musk’s other major venture. ARK values SpaceX at $2.5 trillion by 2030, up from roughly $350 billion today.
That projection implies average annual returns of almost 40%. The valuation is about 12 times Boeing’s current market value.
ARK projects SpaceX could generate $200 billion in revenue by 2030. Earnings before interest, taxes, depreciation and amortization could exceed $150 billion, implying profit margins above 80%.
Almost all expected revenue comes from Starlink and Starshield, SpaceX’s space-based communication systems. For 2024, ARK estimated $10 billion in SpaceX revenue split between launch services, Starlink, and Starshield.
Mars Assets Projections
ARK forecasts SpaceX will have $1 billion worth of assets on Mars by 2030. The firm values equipment that could be deployed on the red planet by decade’s end.
Musk plans to launch an uncrewed Mars mission as early as 2026 using the Starship launch vehicle. By 2040, ARK projects Mars assets could balloon to $1 trillion.
SpaceX remains privately held, making direct investment difficult. A few funds hold shares including the ARK Venture Fund, Baron Focused Growth Fund, and Destiny Tech 100.
Wood’s investment firm also believes Tesla will reach $8 trillion by 2029. That would put Musk’s two companies at over $10 trillion combined by decade’s end.
Tesla stock closed Tuesday near session highs following the robotaxi developments, with the June 22 launch date now providing a concrete timeline for investors to watch.
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