Musk Forecasts $1T Revenue by 2030 as Morningstar Values SpaceX at $780B
SPCX•SPCX•SPCX•SPCX•Elon Musk predicts SpaceX will hit $1 trillion annual revenue by 2030, setting higher growth expectations after its record IPO valued at $1.77 trillion and raising $75 billion. Morningstar’s $780 billion valuation estimate and an upcoming lockup expiration freeing about 7% of shares pose notable downside risks.
Elon Musk stated that SpaceX could generate approximately $1 trillion in annual revenue by 2030 and reaffirmed the projection for 2031, raising investor expectations for the company’s growth trajectory.
SpaceX completed the largest IPO in history, raising $75 billion and debuting with a $1.77 trillion valuation, making it the sixth-most valuable U.S. public company and boosting market enthusiasm.
A major lockup expiration after earnings will free about 7% of outstanding shares, while Morningstar’s bear-case valuation of $780 billion highlights potential overvaluation and near-term selling pressure.
