---
title: "The $2 trillion underwriting case: Inside Chamath’s blockbuster SpaceX math"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287548991.md"
description: "Chamath Palihapitiya presented a valuation case for SpaceX, arguing it could be worth $2 trillion based on a 20x sales multiple. He emphasized the potential of its terrestrial data center business, with Starlink and Starship as additional growth opportunities. Comparatively, Rocket Lab trades at a 74x forward price-to-sales multiple, making SpaceX's valuation appear defensible. Tesla's $2 billion investment in SpaceX further highlights its market significance."
datetime: "2026-05-25T19:03:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287548991.md)
  - [en](https://longbridge.com/en/news/287548991.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287548991.md)
---

# The $2 trillion underwriting case: Inside Chamath’s blockbuster SpaceX math

Quick Read Rocket Lab (RKLB) trades at a 74x forward price-to-sales multiple on a $74.6B market cap and $679.6M in trailing annual revenue, driven by a record $2.2B backlog and selection for the Space Force’s Golden Dome contract. Tesla (TSLA) invested $2B in SpaceX equity and disclosed a chip fab partnership, trading ...

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