Elon Musk's SpaceX revenue forecast significantly outpaces Wall Street expectations, with his projection of $3.5 trillion annual revenue by 2033 beating Morgan Stanley's model by seven years. According to reports from The Times of India, Morgan Stanley's model, shared with large investors before the June listing, reaches approximately $330 billion in 2030 and $3.4 trillion in 2040. Musk's figure is larger and arrives sooner, while extending his earlier $1 trillion projection for 2030. Notably, SpaceX has never published a revenue target in any filing, with the IPO prospectus carrying no forward guidance. The estimate requires roughly 92% annual growth for eight consecutive years to achieve this target, starting from SpaceX's $18.67 billion booked revenue in 2025.
SpaceX stock currently trades near $141, representing a 38% decline from its June peak of $225.61. As reported by The Times of India, the stock closed at $140.87, valuing SpaceX near $1.91 trillion. Analyst sentiment remains positive but more measured, with 35 firms averaging a $232.35 target, implying roughly 57% upside but falling short of Musk's $3.5 trillion projection. The current valuation sits about 38% below the stock's all-time high set days after the debut.
SpaceX is constructing a specialized turbine blade foundry in Texas to address critical AI power supply chain bottlenecks. As confirmed by CEO Elon Musk on social media platform X, the facility will manufacture high-spec gas turbine blades and vanes for natural gas turbines, with the Bastrop facility located 48 kilometers east of Austin adjacent to an existing Starlink manufacturing plant. The move follows SpaceX's quiet acquisition of approximately 830 acres of land in the area between March and June 2026. According to Morgan Stanley analyst Adam Jonas, the facility will cast single-crystal nickel-superalloy components built to withstand extreme heat between 1,650°C and 1,980°C in turbine hot sections. The facility will accelerate natural gas turbines coming online by up to 18 months, addressing a severe supply chain bottleneck that has stalled power generation for AI data centers across the United States.
According to The Times of India, Starlink continues to be the primary revenue driver, with subscribers doubling to 12 million in the last quarter. However, average revenue per user declined to $66 from $85. The AI unit represents the fastest-growing segment, expanding 247% to $2.56 billion in the second quarter. SpaceX allocated $18.4 billion in second-quarter capital spending, with $15.8 billion directed toward AI development. The 2025 accounts show Starlink produced $4.42 billion in operating profit while the AI unit lost $6.36 billion. SpaceX estimates its addressable AI market at $26.5 trillion of a $28.5 trillion total.
As reported by The Times of India, Musk's $3.5 trillion target represents nearly five times Amazon's 2025 revenue of $716.9 billion and is 187 times SpaceX's 2025 booked revenue of $18.67 billion. The company would need to grow approximately 92% every year for eight straight years to achieve this target. SpaceX is building a $100 billion Louisiana spaceport and has signed orbital compute payload deals with Nvidia, with AI compute satellites targeted for deployment as early as 2028. The company's AI unit continues to be the primary growth driver, with the 247% growth rate demonstrating rapid expansion in this emerging market segment.
