Goldman Sachs: SpaceX AI Revenue Expected to Grow 100x by 2030

BlockBeats News, June 4th - According to the Financial Times, Goldman Sachs expects that one of the core assumptions on which SpaceX's $1.78 trillion IPO valuation relies is that its AI division's revenue will grow by about 100 times from 2025 to 2030. In the forecast presented to potential investors, Goldman Sachs projects that SpaceX's AI division revenue will increase from $3.2 billion in 2025 to $322 billion in 2030; SpaceX's total revenue is expected to rise from $18.7 billion last year to $474 billion in 2030. These projections come as SpaceX is embarking on its IPO roadshow, with the IPO potentially raising up to $860 billion.

SpaceX's prospectus reveals that its AI division, xAI, incurred a $6.4 billion loss in 2025, but the total addressable market for this division is set at $26.5 trillion, far exceeding the combined potential market size of Starlink's internet services and space business of around $2 trillion. Goldman Sachs also predicts that SpaceX's AI division revenue will grow by 388% year-on-year in 2026 to reach $15.6 billion and will hit $34.5 billion in 2027. In contrast, Goldman Sachs forecasts Starlink to have a revenue of $144 billion and the rocket business to have a revenue of $8.3 billion in 2030.

If the aforementioned AI growth forecasts materialize, Musk's Grok series of models will need to catch up with and surpass more advanced labs such as Anthropic, Google, and OpenAI in key areas like coding, cybersecurity, AI agents, and chatbots.