SpaceX Won’t Be the First $10 Trillion Company. The Dollar Will Just Be Worth Less.
SpaceX’s projected $10 trillion valuation isn’t proof of unprecedented business growth — it’s a symptom of dollar devaluation. When the measuring stick shrinks, every number looks bigger. The real question isn’t whether SpaceX can 100x, but whether it can outpace the money printer. Most investors are celebrating nominal milestones while their purchasing power quietly evaporates.