Elon Musk has projected that SpaceX could generate roughly $1 trillion in annual revenue by 2030, days after the company’s record initial public offering (IPO), while investor Anthony Pompliano publicly urged Musk to merge Tesla and SpaceX into a single company.
Key Takeaways:
Elon Musk projected SpaceX could reach about $1 trillion in revenue by 2030, versus Morgan Stanley’s $330 billion estimate.SpaceX raised roughly $75 billion at a $1.75 trillion valuation in its June 12 Nasdaq debut.SpaceX holds 18,712 BTC, putting a bitcoin treasury worth about $1.29 billion on Wall Street’s radar.Elon Musk said SpaceX’s revenue could reach about $1 trillion a year by 2030, and likely more in 2031, in comments shared via X over the weekend. The forecast came just days after SpaceX completed the largest stock market debut in history.
Musk’s projection sits far above the estimates of the bankers who took his company public. Morgan Stanley, a lead underwriter, modeled SpaceX’s revenue near $330 billion in 2030, with $160 billion as early as 2028.
SpaceX reported $18.7 billion in revenue for 2025, up from about $14 billion in 2024. Reaching $1 trillion by 2030 would require a roughly 53-fold jump in five years, a pace no company near this size has achieved.
Pompliano Calls for a Tesla-SpaceX Merger“As a Tesla shareholder, I hope Elon [Musk] merges Tesla with SpaceX as soon as possible. Give us one company to bet on this generation’s greatest entrepreneur.”
The idea is unlikely to materialize any time soon, given that Tesla is a publicly traded automaker and SpaceX is a newly public aerospace firm with distinct businesses and shareholder bases. However, comments like these do capture the enthusiasm surrounding Musk’s expanding corporate empire.
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