Space Exploration Technologies Corp. Class A Common StockSpaceX's prospectus projects massive future revenue from its three businesses, implying strong expected demand for its services.

Elon Musk believes SpaceX could eventually capture up to $28.5 trillion in annual revenue across its three main businesses, according to a company prospectus filed before its recent IPO. The document breaks down the potential revenue as $370 billion from space, $1.6 trillion from connectivity including Starlink Broadband and Starlink Mobile, and $26.5 trillion from AI covering infrastructure, consumer subscriptions, digital advertising, and enterprise applications. Last year SpaceX booked only $18.7 billion in total revenue, meaning reaching that target would require growth of over 152,000 percent. For context, the current gross domestic product of the entire United States is about $32.4 trillion, implying that SpaceX's projected revenue would equal roughly 88 percent of the U.S. economy.
Space Exploration Technologies Corp. Class A Common StockSpaceX's prospectus projects massive future revenue from its three businesses, implying strong expected demand for its services.
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