Musk says SpaceX could bring $1 trillion in revenue by 2030

June 15 (Reuters) - Elon ‌Musk ​said ​on Sunday 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.

"And I would be surprised if revenue is not greater than $1T in 2031," ​he wrote on his social media platform X, replying to journalist and ⁠financial commentator Jon Erlichman.

SpaceX on Friday became the sixth-largest ​U.S. firm, cementing Musk's status as the world's first trillionaire.

However, the company ​still makes far less ‌money than similarly valued tech giants like Broadcom and Amazon.com.

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 $791 million.

Some Wall Street analysts are cautious about the company's growth.

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.

(Reporting by Shivani Tanna in Bengaluru; Editing by Nivedita ‌Bhattacharjee)

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