Morgan Stanley Forecasts SpaceX Revenue to Reach $3.4 Trillion by 2040

Morgan Stanley projects that SpaceX's revenue could reach $3.4 trillion by 2040, the Wall Street Journal reported on Friday, citing sources familiar with the matter. The forecast coincides with SpaceX's IPO roadshow, which began on Thursday.

Details

The Wall Street giant anticipates that revenue from SpaceX's AI business will grow dramatically in the coming years, the report said. No further details on how the estimate was derived were disclosed.

Context

The forecast comes as SpaceX gains prominence in space and satellite communications (Starlink). The IPO roadshow signals the company's move toward public markets, potentially allowing investors to participate in its growth.

What It Means for Investors

While the forecast is long-term, it reflects confidence in SpaceX's future potential, especially in AI and space. However, investors should be cautious given the long-term nature and risks associated with the space sector.