Key insights
- Morgan Stanley projects significant future revenue for SpaceX, driven by AI operations, with forecasts reaching $330 billion by 2030 and $3.4 trillion by 2040. This optimistic outlook, coupled with SpaceX's upcoming IPO aiming to raise $75 billion, could generate positive sentiment in the tech and aerospace sectors, potentially influencing investor appetite for high-growth companies.
Investing.com -- Morgan Stanley projects that SpaceX could generate $3.4 trillion in revenue by 2040, the Wall Street Journal reported on Friday, citing people familiar with the matter.
The bank expects revenue from SpaceX’s artificial intelligence operations to grow substantially in the years ahead, according to the report.
Elon Musk’s SpaceX started meeting with investors on Thursday as part of its initial public offering roadshow. The rocket and satellite company aims to raise $75 billion, which would make it the largest IPO on record.
Morgan Stanley forecasts that SpaceX’s AI operations will generate approximately $190 billion in revenue by 2030, while total revenue is expected to approach $330 billion that year, the Wall Street Journal report said.
SpaceX’s revenue climbed to $18.67 billion in 2025 from $14.02 billion in 2024. The company posted a net loss of $4.94 billion in 2025, compared to a profit of $791 million the previous year.
The company’s AI segment generated $3.2 billion in revenue in 2025.
Goldman Sachs expects revenue from SpaceX’s AI division to reach $322 billion by 2030, the Financial Times reported on Thursday.
Morgan Stanley serves as one of the lead underwriters for SpaceX’s IPO, alongside Goldman Sachs, BofA Securities, Citigroup and J.P. Morgan.
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