CEO Elon Musk projected on August 28, 2026, that SpaceX could reach $3.5 trillion in annual revenue. The company targets this milestone by 2033. This forecast followed a Morgan Stanley analysis of the company's valuation. The outlook incorporates a $100 billion investment in a new Louisiana spaceport.
Investment analysts initiated coverage on the stock with a Buy rating. The report cited accelerating growth and a dominant position in the space infrastructure industry. Analysts also highlighted narrowing operating losses.
Second-quarter revenue surged 91.94% year-over-year. Total revenue for the quarter reached $7.814 billion. Management expects to achieve a $100 billion annual revenue run rate by December 2026.