SpaceX shares close at $141.50 after Musk forecast
SpaceX shares ended Friday at $141.50 after Elon Musk said the rocket and satellite company could generate about $3.5 trillion in annual revenue by 2033, setting out a growth expectation seven years ahead of Morgan Stanley’s long-range estimate. The Nasdaq-listed stock gained 0.45 per cent on August 28, closing above the previous session’s $140.87 but remaining well below its post-flotation peak…
SpaceX shares closed at $141.50 on August 28 after founder Elon Musk announced the company could generate approximately $3.5 trillion in annual revenue by 2033. This forecast, described as a "best guess," far surpasses Morgan Stanley's long-range estimate of $3.4 trillion to $3.5 trillion by 2040. The Nasdaq-listed stock gained 0.45% on the day, closing above its previous session's $140.87 but still below its post-flotation peak of over $225.
Investors have shown interest in SpaceX's expansion plans in areas such as launch services, satellite connectivity, and artificial intelligence infrastructure. Musk made the $3.5 trillion figure public on X on August 27, stating it as his "best guess" for reaching that revenue level. The company's recent announcement of a $100 billion expansion in Louisiana, centered around a new Starbase facility, has intensified discussions surrounding its ambitious growth plans.
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