Elon Musk says SpaceX could hit about $1 trillion in annual revenue by 2030, a target requiring a 53-fold increase from its $18.7 billion 2025 sales. Underwriters model only around $330 billion for 2030, highlighting a vast gap between Musk's projection and Wall Street estimates.
Elon Musk publicly stated that SpaceX could reach approximately $1 trillion in annual revenue by 2030, suggesting even higher sales in 2031. This bold target was presented shortly after SpaceX’s record-setting public market debut, emphasizing the company’s long-term ambitions.
Lead underwriters project significantly lower revenue, modeling around $330 billion by 2030 and $160 billion by 2028. These projections assume flawless execution of growth initiatives but fall well short of Musk’s trillion-dollar vision.
SpaceX generated $18.7 billion in revenue in 2025, up 33% from $14 billion in 2024 and nearly double its $10 billion 2023 figure. Achieving a 53-fold increase over five years would far outpace any comparable company’s growth trajectory.
Underwriters anticipate that AI infrastructure will contribute roughly $190 billion of the 2030 total, despite the AI unit posting just $3.2 billion in 2025 and a $6.4 billion loss. Meanwhile, the Starlink satellite network produced $11.4 billion last year, with 10.3 million subscribers as of March 2026.
Finance
