Elon Musk's bold statement: SpaceX's revenue could reach 1 trillion dollars by 2030, rivaling the world's largest companies

Elon Musk responded to Morgan Stanley’s revenue forecast by saying that SpaceX could reach approximately $1 trillion in revenue by 2030. This bold prediction comes as SpaceX has just completed the biggest IPO in its history, with its market value breaking through $1.7 trillion, once again pushing the imagination of the space economy to new heights.
(Background: Is SpaceX’s IPO worth investing in at $135 per share? SpaceX IPO date, share price, and how to buy SPACEX(PRE) and SPCX)
(Additional context: The average pre-market quote before SpaceX opened was $174, and its market cap surged to $1.765 trillion)

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• Musk: SpaceX’s revenue could reach $1 trillion within ten years
• What is the scale of $1 trillion in revenue?
• The post-IPO investment narrative of SpaceX is reshaping

Elon Musk has thrown out another astonishing prediction: SpaceX’s revenue could reach about $1 trillion ($1 trillion) in 2030. The claim has just sparked heated discussion on social media platforms.

Musk: SpaceX’s revenue could reach $1 trillion within ten years

In response to Morgan Stanley’s revenue forecast, Musk said plainly that SpaceX “could reach about $1 trillion in revenue by 2030.” He also added that if revenue in 2031 is below $1 trillion, “I would be very surprised.” This prediction is highly consistent with the backdrop of SpaceX just completing its largest IPO in history.

SpaceX officially listed on the Nasdaq on June 12 under the code SPCX. Its opening quote was about $174, and its market cap at one point surged past $1.765 trillion. Musk himself also became the first trillionaire in human history thanks to SpaceX’s listing.

What is the scale of $1 trillion in revenue?

By way of comparison, Walmart, the world’s highest-revenue publicly traded company, is expected to generate about $681 billion in revenue for fiscal year 2025; tech giant Apple is expected to reach about $391 billion in revenue for fiscal year 2024. In other words, the SpaceX Musk is predicting—an enterprise that currently derives most of its revenue from rocket launches and Starlink—would outstrip any company today in terms of revenue scale.

This growth trajectory is driven by two major engines. The first is Starlink: by 2026, Starlink has provided service in more than 100 countries worldwide. Its user numbers continue to grow at a rapid pace and are gradually moving into the enterprise and government private-network market. The second is Mars transportation: with Starship’s fully reusable rockets maturing, it could theoretically reduce unit launch costs by 1–2 orders of magnitude, opening up brand-new markets for space freight, lunar bases, and even Mars colonization.

The post-IPO investment narrative of SpaceX is reshaping

From a traditional valuation perspective, if SpaceX is to reach $1 trillion in revenue in 2030, it would mean that over the next four years its revenue must grow by about 20–30 times (calculated using an estimated revenue of about $3.0–$5.0 billion in 2025). Even for a growth-oriented company, this is an extremely aggressive target. However, Musk has been known since the Tesla era for “exaggerated forecasts that ultimately come true.” Tesla’s annual production was only 35,000 vehicles in 2014, and by 2024 it had reached 1.8 million vehicles.

SpaceX’s valuation has long already surpassed the annual budgets of most national space agencies worldwide, and this $1 trillion revenue vision clearly signals to Wall Street: “The space economy is just getting started.”

This article originates from NDTV Profit and ABC News Australia, compiled and translated by Dongqu Dynamic Trends editors.