Elon Musk stated that SpaceX's revenue could reach approximately $1 trillion per year by 2030, and possibly even higher in 2031. This figure far exceeds the forecasts of the banks that recently listed his company.
Musk made this statement on Twitter over the weekend, just days after SpaceX completed the largest IPO in history. Even his financial advisors had predicted significantly lower revenue than this figure.
SpaceX needs to achieve extremely strong revenue growth to reach its goal.
According to its IPO filing , SpaceX projected revenue of $18.7 billion for 2025, up from $14 billion in 2024, representing a growth of approximately 33%.
In 2023, SpaceX's revenue was nearly $10 billion, a fairly rapid growth rate, but not yet truly explosive.
However, to reach $1 trillion by 2030, SpaceX needs to increase its revenue 53-fold within five years – something no major company has ever achieved on this scale.
Musk has made his destination very clear right on the social media platform he owns.
"I think SpaceX could reach revenue of around $1 trillion by 2030," he Chia on X.
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He added that he would be very surprised if SpaceX's revenue fell below $1 trillion by 2031.
And I would be surprised if revenue is not greater than $1T in 2031
— Elon Musk (@elonmusk) June 14, 2026
Wall Street's forecast was much lower.
Morgan Stanley – one of the banks responsible for leading the IPO – estimates SpaceX's revenue at around $330 billion by 2030. The bank also forecasts that revenue could reach $160 billion by 2028.
Goldman Sachs places greater faith in artificial intelligence (AI) but still provides a much lower figure than Musk's forecast. Both banks believe it would take years of flawless operation to achieve this speed.
This optimism coincided with the company's historic IPO , which pushed its Capital capitalization above $2 trillion. The IPO also brought several surprises , such as Musk retaining 82.4% of the voting rights at SpaceX.
The AI gamble will determine growth forecasts.
Both forecasts focus on AI infrastructure rather than the rocket launch sector. Morgan Stanley predicts that AI revenue will account for approximately $190 billion of total projected revenue by 2030.
However, SpaceX's AI division is projected to generate only $3.2 billion in revenue by 2025, while incurring losses of $6.4 billion. To achieve its goals, this division needs to grow even more aggressively than the world's leading AI labs today.
At this point, the Starlink satellite network is SpaceX's mainstay, generating $11.4 billion in revenue last year. The number of customers increased to 10.3 million in March 2026, compared to 8.9 million in the same period the previous year. However, SpaceX still recorded a significant loss in the first quarter of 2026 .
Elon Musk has repeatedly failed to meet deadlines, but he has often still achieved his goals. Investors considering space stocks now need to decide whether history will repeat itself, or a new scenario will unfold.
