SpaceX Stock Is Down 33% From Its High. Elon Musk Expects Revenue to Rise 53-Fold to $1 Trillion by 2030.
The company is pursuing massive goals for data center compute, both on Earth and in orbit.
Space Exploration Technologies (NASDAQ: SPCX) saw its revenue increase to $18.7 billion in 2025. CEO Elon Musk projected the company to achieve $100 billion in annual recurring revenue (ARR) by the end of 2025 and $1 trillion in revenue by 2030. This would represent a more than 50-fold increase in just five years, primarily driven by artificial intelligence (AI) data center sales.
No business has ever recorded $1 trillion in revenue in a single year. The likelihood of SpaceX reaching this figure by 2030 merits a closer examination.
SpaceX recently completed its largest initial public offering (IPO) in history. The company, primarily recognized for its space services, is transitioning rapidly into an AI infrastructure business. Capital expenditures for the entire business amounted to $19 billion in the last quarter, predominantly allocated to constructing data centers for AI purposes.
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