Elon Musk reveals SpaceX's goals to Jamie Dimon, from vacationing on the moon to living on Mars

June 6, 2026 - 00:26

When JPMorgan CEO Jamie Dimon asked Elon Musk why SpaceX should consider going public, the billionaire didn't hold back. Instead, Musk laid out a sweeping vision that stretched far beyond rockets and satellite launches. According to sources familiar with the conversation, Musk described a future where SpaceX would build data centers in orbit, operate luxury hotels on the moon, and establish permanent human settlements on Mars.

The exchange reportedly took place during a private meeting, where Dimon pressed Musk on the company's long-term strategy and capital needs. Musk's response was characteristically bold: he argued that SpaceX's ambitions are too vast for quarterly earnings pressure, but that the potential returns from space-based industries could dwarf anything on Earth. He pointed to orbital data centers as a near-term opportunity, citing lower latency and reduced energy costs compared to ground-based facilities.

Musk also revived his long-standing dream of making space tourism accessible. He described moon vacations as a realistic goal within the next decade, with SpaceX's Starship serving as the primary transport. Beyond tourism, he emphasized the necessity of a self-sustaining city on Mars to ensure humanity's survival.

Dimon, known for his pragmatic approach to business, reportedly listened without immediate commitment. The meeting highlights the growing tension between SpaceX's private valuation and the pressure to tap public markets. For now, Musk remains focused on building the infrastructure for a multi-planet economy, even if Wall Street isn't fully ready for it.