How to Value the Future of Human Civilization? SpaceX On-Chain Pricing Significantly Higher Than Traditional Financial Institutions

BlockBeats News, May 18th, it was announced that Elon Musk's SpaceX is nearing its Nasdaq debut, with a target date for pricing as early as June 11th and listing on June 12th. Musk emphasized that he will not sell his personal shares and will maintain absolute control of the company through a super-voting structure.

At the beginning of the year, Musk discussed SpaceX's vision at the World Economic Forum, stating, "The goal of founding SpaceX is to maximize the future of human civilization, ensuring that the light of consciousness does not extinguish and that humanity, like a small candle in a vast darkness, can expand life and consciousness beyond Earth, reaching the Moon, Mars, and ultimately expanding to other galaxies." We should always view consciousness and the unknown darkness as unstable and delicate. Humanity is uncertain if there are extraterrestrial beings, so the bottom line is to assume that life and consciousness are extremely rare, perhaps unique to us. Therefore, ensuring life's multi-planetary survival becomes crucial so that in the event of a natural or man-made disaster on Earth, consciousness can continue. This is the purpose of SpaceX.

How is the valuation of the "future of human civilization" estimated? Some institutions have provided the following forecasts:
Cathie Wood's ARK Invest projects a $17.5 trillion IPO valuation, with a long-term forecast to reach approximately $25 trillion by 2030: Starlink, launch services, and the xAI merger support this valuation, and $17.5 trillion is considered credible;
Well-known independent research firm Morningstar estimates $15 trillion: SpaceX is expensive and risky but not unreasonable. If Starship is commercialized as planned, this valuation is in the 75th to 90th percentile of high-growth peers and requires top confidence in Starlink's long-term growth;
Prominent private equity firm PitchBook suggests a fair valuation of $11 trillion to $17 trillion: close to a 95x multiple of 2025 revenue, based on expectations of Starship and future new business potential rather than current financials; a valuation of around $15 trillion may be close to the upper limit considered reasonable, as traditional valuation methods are not entirely applicable, and SpaceX's unique monopoly position supports its high valuation.

The Hyperliquid ecosystem trading platform trade.xyz has announced the pre-IPO launch of SpaceX this morning. As of the time of writing, SPCX is currently trading at $207, corresponding to a $24.6 trillion valuation, significantly higher than traditional institutions. According to PolyBeats monitoring, the probability that on the first day of trading, the "SpaceX" closing market value will exceed $2 trillion is 71%. The on-chain market is bolder than traditional institutions in its predictions and is more optimistic about SpaceX's IPO performance, considering a market value exceeding $2 trillion as a highly probable event. After all, the future of human civilization is "priceless."