Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk says that the commercial spaceflight company could exceed $3 trillion in revenue by 2033.
Morgan Stanley Touts $3.5 Trillion Revenue, Elon Musk Chimes in
User DogeDesigner took to the social media platform X, sharing an investor note by investment bank Morgan Stanley (NYSE:MS) stating that SpaceX was “attractively valued” and that investors were underestimating Starship’s scale.
The note also said that SpaceX could conduct 5,800 Starship launches annually from eight launch pads and report $3.5 trillion in revenue by 2040.
The post was quoted by investment firm Mach 33‘s CEO Aaron Burnett, who said that the Morgan Stanley estimate was “based on a number that’s almost half of the company’s stated goal and 10 years later than the company is targeting to achieve it.”
Responding to Burnett, Musk touted his own prediction for SpaceX. “My best guess for ~$3.5T revenue is roughly around 2033 fwiw,” the billionaire said. Notably, Musk had earlier predicted that SpaceX would reach $1 trillion in revenue by 2030.
Elon Musk’s Galaxy Vision
Earlier, the CEO said that Starbase, Louisiana, which is scheduled to begin construction in 2027 and is targeting its first Starship launch by 2029, would enable Tesla Inc.‘s (NASDAQ:TSLA) Optimus humanoid robot to become the first-ever "Von Neumann" machine.
Musk then said that the developments undertaken by SpaceX would help the "expansion of civilization throughout the galaxy and reaching K3."
SpaceX is also targeting to launch Starship 10,000 times annually by 2030, following President Donald Trump‘s new space policy that aims to increase NASA’s launch cadence. Musk had also said that Starship’s upcoming Flight Test 14 would attempt to catch the rocket’s upper stage.
Price Action: SPCX slipped 0.27% to $140.49 during overnight trading on Thursday.
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