SpaceX is on track for remarkable financial growth, with Morgan Stanley projecting its revenue could soar to $3.4 trillion by 2040. This projection comes as the company prepares for a significant initial public offering (IPO), targeting $75 billion, which would mark one of the largest IPOs in history.
Morgan Stanley's analysis highlights the anticipated expansion of SpaceX's artificial intelligence (AI) business, which is expected to play a crucial role in this revenue surge. The firm estimates that by 2030, SpaceX's AI division could contribute approximately $190 billion to the overall revenue, which is projected to reach around $330 billion that same year.
Recent Performance
In 2025, SpaceX reported a revenue increase to $18.67 billion, up from $14.02 billion the previous year. However, the company experienced a net loss of $4.94 billion, contrasting sharply with a profit of $791 million in the prior year. During this time, the AI segment alone generated $3.2 billion in revenue.
Market Expectations
Goldman Sachs also shares a positive outlook for SpaceX's AI business, predicting revenues could reach $322 billion by 2030. This optimism reflects the growing importance of AI technologies in various industries, including aerospace.
IPO Roadshow
As part of its IPO preparations, SpaceX began engaging with investors, showcasing its growth potential and strategic vision. Morgan Stanley is among the lead underwriters for this IPO, alongside Goldman Sachs, BofA Securities, Citigroup, and JP Morgan.
Conclusion
The projections from Morgan Stanley and Goldman Sachs underline the significant financial potential of SpaceX, particularly in the AI sector. As the company moves forward with its IPO plans, investors are keenly watching how these developments will unfold.
