Musk said SpaceX could generate $1 trillion in revenue by 2030. Is it realistic?

Elon Musk said his space company SpaceX could generate $1 trillion in revenue by 2030. This statement came two days after the company went public, gaining a market capitalization of more than $2 trillion on the first day of trading.

"And I'd be surprised if revenue doesn't exceed $1 trillion in 2031," Musk added on his social media X, responding to journalist and financial columnist John Ehrlichman.

SpaceX shares were up about 4% in premarket trading on June 15.

SpaceX's 2025 revenue jumped 33% to $18.67 billion from $14.02 billion a year earlier, but the company recorded a net loss of $4.94 billion against a profit of $791 million in the previous period.

Some Wall Street analysts are cautious about the growth rate of the business. According to The Wall Street Journal, citing sources, investment bank Goldman predicted that SpaceX's revenue will exceed $470 billion in 2030, while Morgan Stanley expected this figure to reach almost $330 billion.

After its IPO on Friday, June 12, SpaceX became the sixth-largest company in the U.S., and Elon Musk achieved the status of the world's first trillionaire.

Nevertheless, the aerospace corporation still earns significantly less than technology giants with similar capitalization, such as Broadcom and Amazon. Broadcom's revenue by the end of 2025 was $63.89 billion (about 3.4 times more than SpaceX), Amazon's revenue was $716.92 billion (almost 38 times more than SpaceX).

This article was AI-translated and verified by a human editor