On June 15, Elon Musk replied on a social media platform when responding to Morgan Stanley’s revenue forecast, saying that SpaceX could reach around $1 trillion in revenue by 2030. The statement was made three days after SpaceX completed what is described as the biggest IPO in its history. If Musk’s $1 trillion goal is used as the benchmark, SpaceX’s revenue scale would surpass Walmart and Apple, which currently hold the highest revenue among publicly listed companies worldwide.
Exact wording of Musk’s statement: the original phrasing in his reply to Morgan Stanley
According to a confirmation report by NDTV Profit on June 15, 2026, Musk’s specific wording is as follows:
2030 target: SpaceX “may reach around $1 trillion in revenue in 2030” (the original contains a forward-looking tone with “may”).
2021 wording: Musk added that if revenue in 2031 is below $1 trillion, “he would be surprised.”
The above remarks are Musk’s personal forward-looking statements and are not official financial guidance from SpaceX or audited revenue forecasts. Morgan Stanley’s specific forecast figures were not disclosed in the existing report.
Comparison baseline: confirmed figures from the world’s current highest-revenue companies
The following are confirmed comparison baselines for the same period:
Walmart: FY2025 revenue of about $681 billion, the highest-revenue publicly listed company in the world
Apple: FY2024 revenue of about $391 billion
If Musk’s stated $1 trillion revenue target for 2030 is achieved, SpaceX’s revenue scale would surpass any currently existing listed company.
SpaceX IPO confirmed data: listing date, opening price, and market cap
Based on confirmed SpaceX IPO records:
Listing date: June 12, 2026
Exchange and ticker: Nasdaq, SPCX
IPO pricing: $135 per share
Opening quote: about $174
IPO day 1 market cap peak: once exceeded $1.765 trillion
IPO nature: previously confirmed as the largest IPO in history
Frequently asked questions
Is Musk’s $1 trillion revenue forecast for SpaceX official financial guidance?
No. This is Musk’s personal statement in a reply to Morgan Stanley on a social media platform, and the original includes a forward-looking tone with “may.” SpaceX has not confirmed a $1 trillion revenue target for 2030 in any published financial filings or official statements.
What level of growth does a $1 trillion revenue target imply for SpaceX?
Based on the NDTV Profit report’s cited estimate, SpaceX’s estimated revenue in 2025 is about $3 billion to $5 billion. Using this as a baseline, reaching $1 trillion by 2030 would mean revenue needs to grow by about 20 to 30 times within four years. The report cites Tesla as a historical reference: Tesla produced about 3.5 million vehicles in 2014 and 1.8 million in 2024 (about 51 times growth over 10 years).
What are SpaceX’s current main revenue sources?
According to reports, SpaceX’s main revenue sources are rocket launch services and its Starlink satellite internet network services. As of 2026, Starlink has provided service in more than 100 countries worldwide and is expanding into enterprise and government private network markets.
