# Michael Saylor Backs Elon Musk SpaceX Valuation Vision as Strategy Inc Leads Tokenized Stock Market

- URL: https://stocks.freetheai.org/news/michael-saylor-backs-elon-musk-spacex-valuation-vision-as-strategy-inc-leads-e12727
- Published: 2026-10-09T07:08:59Z
- Category: crypto; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:SPCX](https://stocks.freetheai.org/symbols/NASDAQ-SPCX), [NASDAQ:MSTR](https://stocks.freetheai.org/symbols/NASDAQ-MSTR), [BITSTAMP:BTCUSD](https://stocks.freetheai.org/symbols/BITSTAMP-BTCUSD)
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Michael Saylor, chairman of Strategy Inc (NASDAQ:MSTR), has expressed support for Elon Musk's ambitious valuation outlook for Space Exploration Technologies Corp (NASDAQ:SPCX). Musk proposed that the aerospace company could eventually be worth orders of magnitude more than the global economy. Saylor reacted to the statement by calling it bullish using a Bitcoin symbol, highlighting the ongoing connection between Musk's enterprises and digital assets.

The discussion comes as Strategy Inc announced that its tokenized stock value reached $491 million, capturing approximately 15% of the total $3.18 billion tokenized stock market. Tokenized shares of Space Exploration Technologies Corp itself rank third in this sector at $174 million. While these digital tokens represent a tiny fraction of the rocket manufacturer's actual $2.17 trillion market capitalization, they demonstrate significant interest from blockchain-based traders.

Looking ahead, the market remains divided on the future of Space Exploration Technologies Corp. Wall Street analysts have vastly different outlooks, with some maintaining a bullish target of $300 per share, while others warn of a potential drop to $100 if demand for artificial intelligence cools or if the Starship program encounters major development setbacks. Investors will also monitor the continued expansion of tokenized real-world assets on blockchain networks.

## Key points

- Michael Saylor supported Elon Musk's prediction that Space Exploration Technologies Corp could exceed the value of the global economy.
- Strategy Inc leads the tokenized stock market with $491 million in value, representing about 15% of the total market.
- Space Exploration Technologies Corp has a market valuation of approximately $2.17 trillion, with shares closing at $160.57 on October 8.
- Wall Street analysts are divided on SpaceX, with price targets ranging from a bullish $300 to a bearish $100.

## Questions and answers

### How much Bitcoin does SpaceX hold on its balance sheet?

SpaceX listed 18,712 Bitcoin in its S-1 registration filing, and its holdings have remained largely unchanged since.

### What is the total value of Strategy Inc's tokenized stock holdings?

Strategy Inc's tokenized stock value reached $491 million, representing approximately 15% of the total $3.18 billion tokenized stock market.