TLDR
- Elon Musk posted on X that SpaceX could reach $1 trillion in revenue by 2030, and would be surprised if it doesn’t by 2031
- SpaceX went public on Nasdaq two days earlier, valuing the company at over $2 trillion
- In 2025, SpaceX revenue was $18.67 billion, but the company posted a net loss of $4.94 billion
- Goldman Sachs projects $474 billion in 2030 revenue; Morgan Stanley projects $330 billion — both far below Musk’s forecast
- The comments may violate SEC quiet period rules that restrict statements not in the IPO prospectus for 40 days after listing
Elon Musk said on Sunday that SpaceX could reach $1 trillion in revenue by 2030. He posted the forecast on X, his social media platform, just two days after SpaceX began trading on Nasdaq.
“I think SpaceX might be able to reach approximately $1 trillion in revenue by 2030,” Musk wrote. A few minutes later he added: “I would be surprised if revenue is not greater than $1 trillion in 2031.”
I think SpaceX might be able to reach approximately $1T revenue in 2030
— Elon Musk (@elonmusk) June 14, 2026
SpaceX debuted on Nasdaq on Friday and is now valued at over $2 trillion, making it the sixth-largest U.S. company by market cap. The listing also cemented Musk’s status as the world’s first trillionaire.
SpaceX Financials Tell a More Complex Story
Despite the fanfare around the IPO, SpaceX’s finances show a mixed picture. The company brought in $18.67 billion in revenue in 2025, up from $14.02 billion the year before.
But the company also swung to a net loss of $4.94 billion in 2025, compared to a profit of $791 million the prior year.
SpaceX still earns far less than other companies with similar valuations. Tech giants like Broadcom and Amazon carry comparable market caps but generate much higher revenues.
Wall Street analysts are more conservative than Musk. Goldman Sachs projects SpaceX revenue of $474 billion in 2030. Morgan Stanley’s estimate is $330 billion. Both figures fall well short of the $1 trillion Musk is forecasting.
SpaceX stock was up 6% to $171 in premarket trading on Monday, continuing the strong momentum from Friday’s debut.
Space Exploration Technologies Corp., SPCX
New Deals and Legal Questions
SpaceX has recently signed two large contracts that could boost near-term revenue. Last week, the company agreed to provide cloud services to Google for $920 million per month over 32 months. The month before, SpaceX signed a deal with Anthropic to rent compute capacity at its Colossus data center for $1.2 billion per month over three years.
Musk’s public forecast may also raise legal issues. U.S. securities law generally enforces a 40-day quiet period after an IPO. During that time, company insiders are restricted from making statements that go beyond the prospectus.
The word “trillion” appears 59 times in SpaceX’s prospectus, but Musk’s specific revenue forecast does not appear there.
How the SEC will respond is unclear. Last month, Musk settled a separate SEC lawsuit over the timing of his Twitter stock purchases. He paid a $1.5 million fine without admitting wrongdoing.
Investors will face a key test on June 30, when early investors can begin selling up to 20% of their shares following second-quarter earnings. Further sales are permitted at stages over the next six months. Musk himself is locked in for one year.
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