Morgan Stanley Predicts SpaceX Revenue Reaching $3.4 Trillion by 2040 Driven by AI
MS•MS•MS•MS•Morgan Stanley projects SpaceX revenue surging 182-fold from $18.7 billion in 2025 to $3.4 trillion by 2040, with adjusted EBITDA reaching $2.7 trillion. It forecasts AI revenue jumping to $190 billion by 2030, up from $3.2 billion in 2025.
Morgan Stanley sees SpaceX’s total revenue rising to $3.4 trillion by 2040, a 182-fold increase from 2025, and projects adjusted EBITDA of $2.7 trillion by the same year.
The bank forecasts SpaceX’s AI-driven sales will surge to $190 billion by 2030, up from $3.2 billion in 2025, and expects adjusted EBITDA to exceed $230 billion that year.
SpaceX reported $18.7 billion in revenue and a $4.9 billion loss for 2025, setting the baseline for these long-term growth projections.
Ahead of its IPO, SpaceX revealed it completed roughly 650 missions, achieved a 95% booster reuse rate, and operates over 9,600 Starlink satellites serving 10.3 million subscribers across 164 countries.
