Goldman Sachs Group IncMentioned as lead underwriter of SpaceX IPO, but no direct impact from Musk's revenue prediction.
SpaceX founder and CEO Elon Musk predicted the company might reach approximately $1 trillion in revenue by 2030, adding he would be surprised if revenue is not greater than $1 trillion in 2031. The comment, posted on social media platform X, follows SpaceX's record-breaking initial public offering and lends context to its $2.5 trillion valuation. SpaceX reported revenue of only $18.7 billion last year, and the space launch market is worth $370 billion annually, while the mobile connectivity market Starlink serves is expected to become a $1.6 trillion business. Goldman Sachs expects SpaceX to report full-year revenue of $470 billion in 2030, and Morgan Stanley puts the figure at $330 billion, with both banks serving as lead underwriters of the IPO.
Goldman Sachs Group IncMentioned as lead underwriter of SpaceX IPO, but no direct impact from Musk's revenue prediction.
Morgan StanleyMentioned as lead underwriter of SpaceX IPO, but no direct impact from Musk's revenue prediction.
Space Exploration Technologies Corp. Class A Common StockMusk predicts $1 trillion revenue by 2030, implying strong demand for SpaceX's launch and Starlink services.