SpaceX Could Reach $1 Trillion in Annual Revenue by 2030, Says Musk; $2 Trillion IPO Valuation

According to Elon Musk, SpaceX could generate $1 trillion in annual revenue by 2030, a target that would place the company among the largest revenue-generating businesses in history. The projection came shortly after SpaceX's public market debut, which valued the rocket, satellite and space infrastructure company at more than $2 trillion.

SpaceX reported $18.67 billion in revenue during 2025, up from $14.02 billion in 2024. Reaching $1 trillion by 2030 would require revenue to increase more than 50 times in five years. For comparison, Morgan Stanley has estimated SpaceX revenue at roughly $330 billion by 2030, while Goldman Sachs has projected about $470 billion. Starlink, SpaceX's satellite broadband network, is expected to be the central driver of growth, expanding from household internet access into higher-margin services for aviation, maritime, defense and enterprise customers.