{
  "id": 4215656,
  "title": "SpaceX shares close at $141.50 after Musk forecast",
  "url": "https://urgent.news/2026/08/29/spacex-shares-close-at-141-50-after-musk-forecast",
  "topic": "world",
  "section": "World",
  "published": "2026-08-29T14:50:44.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/spacex-shares-close-at-141-50-after-musk-forecast/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [
    "SpaceX shares close at $141.50 on August 28",
    "Elon Musk forecasts $3.5 trillion annual revenue by 2033",
    "$100 billion expansion in Louisiana fuels growth interest"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}