Musk says SpaceX could bring $1 trillion in revenue by 2030


A general view of a SpaceX facility on the day of the company’s initial public offering (IPO), in Starbase, Texas, U.S., June 12, 2026. REUTERS/Gabriel V. Cardenas

June 15 (Reuters) - Elon ⁠Musk said on Sunday that his ⁠rocket company, SpaceX, could bring in $1 trillion ‌in revenue by 2030, making the statement two days after the company went public, valuing it at ​over $2 trillion.

"And I would be ⁠surprised if revenue ⁠is not greater than $1T in 2031," he wrote ⁠on ‌his social media platform X, replying to journalist and financial commentator ⁠Jon Erlichman.

SpaceX on Friday became the sixth-largest ​U.S. firm, ‌cementing Musk's status as the world's first ⁠trillionaire.

However, ​the company still makes far less money than similarly valued tech giants like Broadcom and ⁠Amazon.com.

In 2025, SpaceX's revenue jumped ​to $18.67 billion from $14.02 billion a year earlier, but the company swung to a net loss of $4.94 ⁠billion from a profit of $791 million.

Some Wall Street analysts are cautious about the company's growth.

Goldman had estimated that SpaceX's revenue would ​exceed $470 billion in 2030, ⁠while Morgan Stanley projected it would reach nearly $330 ​billion, according to a ‌Wall Street Journal report from ​earlier this month.

(Reporting by Shivani Tanna in Bengaluru; Editing by Nivedita Bhattacharjee)

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