SpaceX Revenue to Hit $3.4 Trillion by 2040, Morgan Stanley Projects

Morgan Stanley projects SpaceX’s revenue could reach $3.4 trillion by 2040, driven by its artificial intelligence business, The Wall Street Journal reported June 5, as the company launched an IPO roadshow to raise $75 billion in what would be a record listing. The rocket and satellite maker began meeting with investors June 4. The bank expects AI revenue to contribute roughly $190 billion in 2030, with total revenue approaching $330 billion. In 2025, SpaceX posted a net loss of $4.94 billion on revenue of $18.67 billion, up from $14.02 billion a year earlier. Its AI segment generated $3.2 billion. Goldman Sachs separately projects SpaceX’s AI division will generate $322 billion by 2030, the Financial Times reported June 4. Morgan Stanley is among the lead underwriters for the offering, alongside Goldman Sachs, BofA Securities, Citigroup and J.P. Morgan.