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$3.5 trillion in annual revenue by 2033 is what SpaceX (SPCX) CEO Elon Musk believes the company could generate, a figure the billionaire offered in response to a Morgan Stanley report assigning a $300 price target to the newly public space infrastructure and artificial intelligence company.
The implied expansion from approximately $18.7 billion in 2025 revenue is roughly 187-fold over eight years.
Musk's stated timeline also arrives seven years ahead of Morgan Stanley's own comparable long-term estimate, placing his projection well outside the sell side's existing models.
Recent revenue and the run-rate The most recent reported quarter lends the long-term forecast near-term grounding.
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