Elon Musk has set a towering revenue target for SpaceX, saying the company could generate $1 trillion in annual revenue by 2030, a figure that dwarfs even the most bullish Wall Street forecasts.
Musk commented on X while responding to a Morgan Stanley projection for the aerospace company. The billionaire said he would be surprised if SpaceX failed to cross the $1 trillion revenue mark by 2031.
Morgan Stanley estimates SpaceX will generate about $160 billion in revenue by 2028 and roughly $330 billion by 2030. The forecast is over three times as high as Musk’s own projection.
It reveals his confidence in SpaceX’s expansion, as the company not only continues its existing activities but also delves into satellite internet, data centers, and artificial intelligence-related businesses.
SpaceX is now ranked among the highest-valued private companies in the world because, within ten years, it has achieved success through its satellites and space flights.
Musk’s remarks come days after SpaceX completed a record-breaking public listing. The company raised $75 billion in its initial public offering and ended its first day of trading with a market valuation of about $2.1 trillion.
The listing also cemented Musk’s position as the world’s wealthiest individual, with investors betting heavily on SpaceX’s future businesses and long-term growth potential.
Analysts tracking the company point to Starlink as a major revenue engine over the next decade. Investors are also closely watching SpaceX’s plans in AI infrastructure and orbital computing, sectors expected to attract significant spending in the coming years.
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Despite the enormous appreciation in value, there are still some question marks about SpaceX’s profitability. The numbers in their 2025 annual earnings report show the company incurred a net loss of $4.9 billion. Furthermore, the company suffered an extra loss in the first quarter of 2026.
The future success of SpaceX hinges significantly on nascent markets. Although many investors have bought into Musk’s vision, reaching the $1 trillion revenue mark per year is probably the most aggressive goal ever set by a global company.