Elon Musk Moves Up His $1 Trillion Revenue Forecast for SpaceX to 2028

On October 21, 2026, Elon Musk said SpaceX could reach $1 trillion in revenue as early as 2028, moving up his previous forecast of 2030. In August, he said the company’s internal projection had shifted from 2031 to 2030, with a chance of reaching the target in 2029. SpaceX generated $18.67 billion in revenue in 2025 but recorded a net loss of $4.94 billion; revenue reached $7.81 billion in the second quarter of 2026. Bank forecasts are far lower: Goldman Sachs expects more than $470 billion in 2030, while Morgan Stanley projects nearly $330 billion.