SpaceX Stock Is Down 33% From Its High. Elon Musk Expects Revenue to Rise 53-Fold to $1 Trillion by 2030.
Motley Fool·
- SpaceX CEO Elon Musk projected that the company's annual revenue will reach $100 billion by the end of this year and $1 trillion by 2030, driven heavily by AI data center sales and infrastructure expansion.
- Despite the company completing a historic IPO and trading at a market cap of $1.8 trillion with $18.7 billion in 2025 revenue, aggressive capital expenditures exceeding tens of billions of dollars face risks if the AI demand boom subsides.
- The author advises avoiding SpaceX stock due to skepticism over Musk's notoriously delayed timelines and the unlikelihood of achieving a 50-fold revenue increase within five years.