“I would be disappointed if SpaceX did not significantly exceed these milestones,” Musk wrote Sunday on X.
Musk was replying to Aaron Burnett, CEO of asset management and financial services firm Mach33, who shared bullish views on SpaceX revenue. Burnett said his team’s Starlink estimates rank among the industry’s most optimistic, adding, “The more I dive into the AI compute side the more I’m realizing we likely underestimated Cursor/grok.”
Burnett’s quoted post projected SpaceX could scale to nearly $100 billion in annual revenue by 2028, driven by launch control, Starlink growth beyond 10 million subscribers, V3 satellites, direct-to-cell service, Starship reusability and AI compute leasing.
Wall Street Estimates Trail Musk’s Forecasts
The targets are enormous compared with SpaceX’s current base. The company reported $18.67 billion in revenue in 2025, up from $14.02 billion in 2024, but posted a $4.94 billion net loss. Reaching $1 trillion by 2030 would require revenue to grow more than 50 times from 2025 levels.
Public Market Debut Adds Investor Pressure
After surging to about $225, the stock turned volatile during a broader tech sell-off. Shares are hovering near $153, only slightly above their first trading price and about 14% above the IPO offer price.
According to Benzinga Edge Rankings, SpaceX stock has a negative price trend in the Short, Medium and Long term.
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