Elon Musk made a sweeping financial prediction on Sunday, claiming his rocket company SpaceX could generate more than $1 trillion in revenue by the end of the decade — a statement that came just two days after the company made its stock market debut.
Musk posted the forecast on his social media platform X, responding to journalist and financial commentator Jon Erlichman. “And I would be surprised if revenue is not greater than $1T in 2031,” he wrote.
SpaceX went public on Friday, instantly becoming the sixth-largest company in the United States and solidifying Musk’s standing as the world’s first trillionaire, with the company valued at more than $2 trillion.
Despite the lofty valuation, SpaceX currently earns far less than other tech giants of similar size, such as Broadcom and Amazon.com.
The company’s 2025 revenue climbed to $18.67 billion, up from $14.02 billion the previous year. However, SpaceX swung to a net loss of $4.94 billion during that same period, compared to a profit of $791 million the year before.
Not everyone on Wall Street is buying into Musk’s ambitious outlook. Goldman had estimated SpaceX’s revenue would surpass $470 billion by 2030, while Morgan Stanley projected the figure would reach close to $330 billion — both well short of Musk’s $1 trillion target — according to a Wall Street Journal report published earlier this month.
