Elon Musk said on Sunday that his rocket company SpaceX is on track to hit $1 trillion in revenue by 2030. The company had just gone public two days ago, with a valuation of more than $2 trillion. "I would be surprised if revenue doesn't exceed $1 trillion in 2031," he wrote in a reply to journalist and financial commentator Jon Erlichman on the social media platform X.
SpaceX became the sixth-largest company in the United States on Friday, cementing Musk's status as the world's first trillionaire.
Still, the company's profitability is nowhere near that of similarly valued tech giants such as Broadcom and Amazon.
In 2025, SpaceX's revenue jumped to $18.67 billion from $14.02 billion the previous year, but the company swung from a profit of $791 million to a net loss of $4.94 billion.
Some Wall Street analysts are cautious about the company's growth.
According to a media report earlier this month, Goldman Sachs had expected SpaceX's revenue to exceed $470 billion in 2030, while Morgan Stanley predicted that its revenue would reach nearly $330 billion.