Developed in collaboration with Mach33, ARK’s open-source SpaceX model yields an expected enterprise value in 2030 of ~$2.5 trillion, generating a ~38% compound annual rate of return from its last funding round at $350 billion in December 2024.1 Tuned to the 75th and 25th percentile Monte Carlo outcomes, our bull and bear cases are ~$3.1 …
