Morgan Stanley: SpaceX Revenue to Exceed $3.4 Trillion by 2040

BlockBeats News, June 5th, Morgan Stanley predicts that SpaceX's revenue could soar to $34 trillion by 2040, with SpaceX's adjusted EBITDA expected to exceed $27 trillion by 2040. This helps to demonstrate the rationale behind its target $1.77 trillion IPO valuation.

This forecast is primarily driven by the explosive growth of the company's artificial intelligence business, with revenue expected to surge from current levels. SpaceX generated $18.7 billion in revenue in 2025 and is planning to raise around $750 billion, which could become the largest IPO in history.