Elon Musk believes SpaceX (NASDAQ:SPCX) could generate about $1 trillion in annual revenue by 2030, a forecast that would place the newly public company among the largest businesses in history just days after its blockbuster stock market debut.
“I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk predicted in a post on X Sunday.
More Than A Rocket Company
Bulls point to massive opportunities across launch services, broadband internet and AI infrastructure, with Goldman Sachs (NYSE:GS) predicting that the company’s revenue will increase by as much as 100 times by 2030 as entirely new markets emerge around lower-cost access to space. SpaceX posted revenue of $18.7 billion in 2025 after posting a $4.9 billion loss.
New Street Research recently projected SpaceX could generate roughly $195 billion in revenue by 2030, while ARK Invest‘s Brett Winton suggested revenue could eventually reach between $300 billion and $400 billion.
Betting On Musk
Musk’s latest projection joins a long list of ambitious forecasts that initially drew skepticism before becoming central to his companies’ growth stories.
From reusable rockets and mass-market electric vehicles to satellite internet, several of Musk’s most ambitious goals were dismissed as unrealistic by critics. Analysts at Morningstar argued that the company was increasingly overvalued.
Supporters argue that track record gives investors reason to take SpaceX’s trillion-dollar ambitions seriously, even if the timeline remains uncertain.
Investors Are Already Buying The Dream
SpaceX’s first day of trading showed that investors are willing to look well beyond the company’s current financials and bet on Musk’s long-term vision for the space economy.
The excitement around the IPO helped propel SpaceX shares 19% higher on their first day of trading Friday, lifting the company’s valuation above $2 trillion and officially making Musk a trillionaire.
After pricing its IPO at $135 per share, SpaceX opened 11% higher at $150, surged to an intraday high of $176.52 and finished its debut session at $160.95, a gain of nearly 19%.
