Elon Musk has once again raised the bar for his company. Over the weekend, the founder of SpaceX stated that the company could achieve $1 trillion in annual revenue by 2030. He also added that he would be surprised if, a year later, revenue turned out to be lower than that figure. The statement came just two days after the company’s stock market debut, which valued it at over $2 trillion.
Such an ambitious forecast significantly exceeds analysts’ expectations. According to Goldman Sachs’ estimates, SpaceX’s revenue could exceed $470 billion in 2030, whilst Morgan Stanley forecasts around $330 billion. Even these figures would represent a multiple increase on the current scale of operations.
The starting point, however, is a much lower level. In 2025, SpaceX generated $18.67 billion in revenue, representing a year-on-year increase of over 33 per cent. At the same time, the company ended the year with a net loss of $4.94 billion. A year earlier, it had still recorded a profit of $791 million.
Starlink, the satellite internet service developed by SpaceX, accounts for the majority of revenue. This segment generated approximately $11.4 billion in revenue and remains the company’s main source of profitability. At the same time, SpaceX is investing heavily in new areas of activity, including the development of artificial intelligence and the Starship programme, which translates into high costs and pressure on financial results.
The IPO has cemented SpaceX’s position among the largest US technology companies. However, a valuation exceeding $2 trillion places high demands on the company for further growth. Some analysts point out that the current market value is based primarily on expectations for the future, rather than on current financial results.
The coming years will show whether SpaceX will be able to translate its dominant position in the space sector and the development of Starlink into a business scale that justifies both its record valuation and Musk’s vision of revenues measured not in billions, but in trillions of dollars.
