But Founder Elon Musk thinks there is much more to come for the largest IPO ever. In a post on X, the social media platform that SpaceX owns, Musk tweeted that he thinks SpaceX could generate $1 trillion of revenue in 2030.<\/p>\n
That\u2019s a big number to toss out because SpaceX<\/a> only generated about $18.7 billion of revenue in 2025. However, it\u2019s Musk\u2019s exact thinking that has led so many investors to invest in the company.<\/p>\n SpaceX\u2019s revenue levers <\/p>\n SpaceX has three main business divisions: space, connectivity, and artificial intelligence.<\/p>\n Image source: Getty Images.<\/p>\n The space division is essentially the rocket launch business that pioneered the concept of reusing rockets to launch at a much lower cost.<\/p>\n Connectivity is the low-Earth-orbit satellite internet service known as Starlink, and AI is the acquisition SpaceX made earlier this year of xAI, another company Musk founded.<\/p>\n The space business<\/a> has the least amount of runway from a revenue perspective, but it is the engine that makes everything possible at the company, which plans to build and launch a lot of infrastructure into space.<\/p>\n Starlink is dependent on launching and replacing satellites in space, which power the satellite internet service that already has over 10 million users.<\/p>\n Starlink has over 10,400 satellites in orbit, with a total goal of 42,000.<\/p>\n Then there is the AI division, which has the largest growth runway. The division comprises the social media platform X, the AI intelligence platform Grok, the company\u2019s land-based data centers, which it owns and operates, and a future terafab facility.<\/p>\n The hope is to eventually launch orbital data centers to power a significant chunk of AI compute. This would be done through SpaceX\u2019s super-heavy-lift launch vehicle called Starship.<\/p>\n The AI division is going to make or break the company. SpaceX claims to have a total addressable market (TAM) of $28.5 trillion.<\/p>\n Story Continues <\/p>\n Roughly $26.5 trillion of that is attributed to AI, and roughly $22.7 trillion of that is for an opportunity the company calls enterprise applications.<\/p>\n Enterprise applications is a bit of a vague concept, but essentially refers to building an agentic AI platform that can emulate digital workflows that will radically transform how companies operate.<\/p>\n Is $1 trillion in revenue possible? <\/p>\n SpaceX is certainly going to grow revenue quickly, and we already got a glimpse of this.<\/p>\n The company has announced two new contracts to lease its data centers to Google and Anthropic for $2.2 billion per month, or about $26 billion annually.<\/p>\n That\u2019s already more revenue than the company generated in 2025, suggesting that if SpaceX can launch orbital data centers, it could generate much more.<\/p>\n Even so, $1 trillion still seems quite outlandish.<\/p>\n During SpaceX\u2019s road show, where investment bankers pitched the IPO to prospective investors, Goldman Sachs\u00a0bankers reportedly projected that the AI division would grow 100-fold to roughly $322 billion by 2030, and that the company would report total revenue of $474 billion in 2030.<\/p>\n That\u2019s a big statement, but it\u2019s still less than half of what Musk is projecting.<\/p>\n While SpaceX said in its prospectus that it could start launching orbital data centers by 2028, I would take this timetable with a grain of salt. Musk is known for being early on his timelines.<\/p>\n I suspect the company will be able to grow revenue quickly, but I don\u2019t see enough evidence to suggest that $1 trillion of revenue in 2030 is in the cards right now.<\/p>\n Should you buy stock in Space Exploration Technologies right now? <\/p>\n Before you buy stock in Space Exploration Technologies, consider this:<\/p>\n The Motley Fool Stock Advisor analyst team just identified what they believe are the\u00a010 best stocks<\/a> for investors to buy now\u2026 and Space Exploration Technologies wasn\u2019t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.<\/p>\n Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $440,440!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you\u2019d have $1,303,950!*<\/p>\n Now, it\u2019s worth noting\u00a0Stock Advisor\u2019s total average return is 959% \u2014 a market-crushing outperformance compared to 211% for the S&P 500.\u00a0Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built by individual investors for individual investors.<\/p>\n See the 10 stocks \u00bb<\/a><\/p>\n *Stock Advisor returns as of June 16, 2026. <\/p>\n Bram Berkowitz<\/a> has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy<\/a>.<\/p>\n![\"Person](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/06\/845ba9487395f19c803da93ffbf869f2.jpeg\")
Person with intent look on their face, while looking at laptop. <\/p>\n