Elon Musk said yesterday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030, making the statement two days after the company went public, valuing it at over $2 trillion.<\/p>\n
“And I would be surprised if revenue is not greater than $1 tillion in 2031,” he wrote on his social media platform X, replying to journalist and financial commentator Jon Erlichman.<\/p>\n
SpaceX on Friday became the sixth-largest US firm, cementing Musk’s status as the world’s first trillionaire.<\/p>\n
However, the company still makes far less money than similarly valued tech giants like Broadcom and Amazon.com.<\/p>\n
In 2025, SpaceX’s revenue jumped to $18.67 billion from $14.02 billion a year earlier, but the company swung to a net loss of $4.94 billion from a profit of $791m.<\/p>\n
Some Wall Street analysts are cautious about the company’s growth.<\/p>\n
Goldman had estimated that SpaceX’s revenue would exceed $470 billion in 2030, while Morgan Stanley projected it would reach nearly $330 billion, according to a Wall Street Journal report from earlier this month.<\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk said yesterday that his rocket company, SpaceX, could bring in $1 trillion in revenue by 2030,…\n","protected":false},"author":2,"featured_media":484336,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[61,60,82,247],"class_list":["post-500528","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-ie","tag-ireland","tag-science","tag-space"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/500528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=500528"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/500528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/484336"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=500528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=500528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=500528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}