Elon Musk believes SpaceX (NASDAQ:SPCX) could generate about $1 trillion in annual revenue by 2030, a forecast that would place the newly public company among the largest businesses in history just days after its blockbuster stock market debut.

“I think SpaceX might be able to reach approximately $1T revenue in 2030,” Musk predicted in a post on X Sunday.

More Than A Rocket Company

Bulls point to massive opportunities across launch services, broadband internet and AI infrastructure, with Goldman Sachs (NYSE:GS) predicting that the company’s revenue will increase by as much as 100 times by 2030 as entirely new markets emerge around lower-cost access to space. SpaceX posted revenue of $18.7 billion in 2025 after posting a $4.9 billion loss.

New Street Research recently projected SpaceX could generate roughly $195 billion in revenue by 2030, while ARK Invest‘s Brett Winton suggested revenue could eventually reach between $300 billion and $400 billion.