Why Saylor Called Musk’s Wildest SpaceX Claim “₿ullish”

Michael Saylor called Elon Musk’s vision of a SpaceX worth orders of magnitude more than Earth’s economy “₿ullish.” Hours earlier, his company Strategy, formerly MicroStrategy, said it leads all firms in tokenized stock value on-chain.

One order of magnitude means 10x, so “orders of magnitude” implies at least 100x. The International Monetary Fund (IMF) puts 2026 world gross domestic product (GDP) at $126.3 trillion. Measured that way, SpaceX would need to top $12 quadrillion.

How Far Is Musk’s 100x SpaceX Call From Reality?

Musk admitted in his post that the idea will “sound super crazy.” In July, Musk similarly argued that SpaceX could outvalue Earth if it reaches its goals.

Saylor’s “₿ullish” swaps the first letter of “bullish” for the Bitcoin symbol, tying his reply to Bitcoin.

A 16% five-day rally lifted SpaceX’s market value to about $2.17 trillion, or roughly 1.7% of global GDP. Shares closed at $160.57 on October 8.

Wall Street remains split. Morgan Stanley analyst Adam Jonas keeps a $300 target in his bullish SpaceX forecast. However, he also sketches a fall to $100 if AI demand cools or Starship suffers a major setback.

Saylor’s interest has a Bitcoin link. SpaceX listed 18,712 Bitcoin (BTC) in its S-1 registration filing, and the company’s Bitcoin treasury has barely moved since. Tesla, Musk’s other listed company, holds another 11,509 BTC.

Saylor has lobbied Musk on Bitcoin before. In December 2020, he publicly urged Musk to move Tesla’s balance sheet into Bitcoin. Tesla bought $1.5 billion of BTC about two months later.

Musk’s companies hold Bitcoin, but at a fraction of Strategy’s scale, and the same holds for tokenized stock.

Why Strategy Leads Every Company in Tokenized Stock Value

Strategy says its tokenized stock value reached $491 million, citing DefiLlama data. These tokens track listed shares on a blockchain.

RWA.xyz data puts the entire tokenized stock market at about $3.18 billion. Strategy’s figure alone equals roughly 15% of that total.Tokenized SpaceX shares rank third at $174 million.

Big numbers are familiar ground for Saylor, who recently argued digital assets could become a $100 trillion industry.

For now, Musk’s 100x vision sits far beyond any analyst target. On-chain, the numbers are much smaller, with SpaceX’s tokenized stock worth less than 0.01% of its market value. Still, the ranking shows which companies crypto traders want to hold on a blockchain, and Strategy sits at the top.

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