Cathie Wood's Ark Invest explains why SpaceX is a $10 Trillion company

👍 Like and subscribe for daily market coverage, SpaceX updates, and conversations with the smartest investors in the world. Brett Winton, Chief Futurist at ARK Invest, joins WOLF Financial live on SpaceX IPO day to walk through the full bull case on one of the most debated IPOs in history. Brett was the analyst who said publicly on CNBC three weeks before the IPO that Starlink alone could justify a $2 trillion valuation. In this conversation he breaks down exactly how he got there, why he thinks SpaceX could hit $300-400 billion in annual revenue by 2030, and why you do not need to believe in AI at all to underwrite the business. ARK Invest is one of the most well-known active asset management firms in the world, famous for early calls on Tesla, Bitcoin, and AI. Brett leads ARK's research into disruptive innovation and has been modeling SpaceX privately for years before it went public. Follow WOLF Financial: X (Twitter): https://x.com/WOLF_Financial Instagram: https://www.instagram.com/wolffinancial_official Trading Focused Channel: https://www.youtube.com/@WOLF_TradingX Wolf Trading X: https://x.com/WOLF_TradingX ▶ Follow Brett Winton: https://x.com/wintonARK ▶ ARK Invest: https://www.ark-invest.com Timestamps: 0:00 Intro 0:54 The math behind "Starlink alone justifies $2 trillion" 3:50 Starship launch costs: under $100 per kilogram and why that changes everything 4:13 Half a billion in, $1 billion a year out: the Starlink unit economics 8:42 Is Starlink expanding the TAM or taking share from incumbents? 13:33 Why Starlink is doing to telecom what Netflix did to media 16:45 The NeoCloud business: Elon told Brett these are short-term deals 25:08 Why Starlink alone is enough to underwrite the entire SpaceX valuation 32:13 Cash flow is going to Mars, not back to shareholders: what SpaceX investors must accept 34:23 How Brett values the Cursor acquisition at $60 billion 46:22 Continuous learning: the next AI breakthrough and why switching costs explode 52:37 We are in 1990, before the web browser even existed This content is for informational purposes only and does not constitute investment advice. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results.