---
title: "SpaceX stock is down 33% from its high. Elon Musk expects revenue to rise 53-fold to $1 trillion by 2030"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296009342.md"
description: "The company is pursuing massive goals for data center compute, both on Earth and in orbit."
datetime: "2026-08-16T00:42:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296009342.md)
  - [en](https://longbridge.com/en/news/296009342.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296009342.md)
generator: "portal-rs"
---

# SpaceX stock is down 33% from its high. Elon Musk expects revenue to rise 53-fold to $1 trillion by 2030

The company is pursuing massive goals for data center compute, both on Earth and in orbit.

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## Related News & Research

- [SpaceX Was ‘Nowhere’ in AI 6 Months Ago — Now It’s an Anthropic Rival After the $60 Billion Cursor Deal, Says Oppenheimer](https://longbridge.com/en/news/297900623.md)
- [‘It’s a Waiting Game,’ Says Top Investor About SpaceX Stock](https://longbridge.com/en/news/297524999.md)
- [OpenAI Cuts Off SpaceX-Owned Cursor, Musk Fires Back 'I Couldn't Care Less'](https://longbridge.com/en/news/297508785.md)
- [OpenAI Cuts Access for SpaceX-Owned Cursor After Takeover, Musk Dismisses Concerns](https://longbridge.com/en/news/297409372.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**